Together with the Chief Executive Officer of Standard Chartered Bank Uganda, Sanjay Rughani have today signed €110.5 Million (UGX 481 billion) financing agreement for the Kitgum-Kidepo Road project.
In my remarks i said this financing package demonstrates the shared commitment to improving connectivity and unlocking the economic potential of Northern Uganda and the Karamoja sub-region.
I also noted that the 115.8-kilometre Kitgum–Kidepo Road will improve connectivity, reduce transport costs and strengthen regional trade,adding that it will support the implementation of the ATMS.
The road will also support major investments in the region including; the Yaobai Cement and Clinker Factory, an investment of over USD 300 million in Moroto, in addition to improving access to Kidepo Valley National Park and complementing the development of the USD 72 million Kidepo International Airport.
I also stated that this road will strengthen tourism, trade and investment in Karamoja and Northern Uganda.
Today’s signing is not simply about financing a road. It is about investing in Uganda’s future. It is about connecting farmers to markets, industries to raw materials, tourists to destinations and businesses to opportunity. Together with our partners, we are laying another foundation for a more productive, competitive and prosperous Uganda.
The Signing ceremony was witnessed by the Minister of Works and Transport, Fred Byamukama, Minister of Trade and Industry and Cooperatives, Sanjay Tanna, Tourism Minister,Tom Butime and British High Commissioner to Uganda, Lisa Chesney among other officials.
Today I shared my vision for the Ministry with @mofpedU top management team as i embark on executing my mandate.
While chairing the maiden top management meeting, I noted that my commitment is to transition Uganda from incremental growth to exponential economic take-off through these five pillars.
1️⃣ The USD 500 billion target. We shall relentlessly execute the tenfold growth strategy to turn Uganda into a 500 billion-dollar-economy.
2️⃣Enforcing absolute discipline. We shall shift the Ministry culture from spending money to enforcing results.
I will also demand strict budget discipline, aggressive procurement reforms and rigorous value for money audits on all public projects.
3️⃣Aggressive revenue mobilization. We shall implement the second domestic revenue mobilization strategy to push our revenue to GDP ratio to at least 20%, cutting external dependency.
4️⃣Presidential wealth creation agenda. The Ministry will prioritise funding and tracking the commercialization of the smallholders to ensure every Ugandan enters the money economy.
5️⃣Smart oil governance. We shall manage our impending oil revenues with bulletproof institutional guardrails and oil revenue will be used to build infrastructure.
The goal is for Uganda to become an oil producer but never an oil dependent economy.
Thank you @978KazoFM for providing a platform to share this important message.
Here is my full guidance to livestock farmers in Kazo on the need to vaccinate their animals to prevent and contain the spread of Foot and Mouth Disease in our communities.
In attendance for the induction of the Cabinet of the @GovUganda at the National Leadership Institute in Kyankwanzi.
The program, graced by the presence of His Excellency the President of Uganda, @KagutaMuseveni brings together cabinet members to align on national priorities, governance principles, and the delivery of services to the people of Uganda.
These sessions are vital for fostering unity of purpose and strengthening leadership as we advance the country’s development agenda.
I hear some people saying, that with us patriots in charge our beloved Fatherland is in danger. No! With the much awaited rise of the patriots Uganda is being restored to its full greatness!
May our hopes as Ugandans raise so high as this Flag, may our love for the country raise above our self interests, may our kindness for others raise above.
May we build Uganda together as Ugandans and see it raise above other Nations @mkainerugaba
May our hopes as Ugandans raise so high as this Flag, may our love for the country raise above our self interests, may our kindness for others raise above.
May we build Uganda together as Ugandans and see it raise above other Nations @mkainerugaba