Chairman of Uganda Animal Feeds Manufacturers Assoication (UGAFMA) •Co-owner of Murwana J Peter Stores LTD -Operations Director •Owner of Kimoto Consultancy LTD
GOVERNMENT OF UGANDA TO ISSUE INAUGURAL SOVEREIGN SUKUK:
The Government of Uganda is in advanced stages of issuing the inaugural Sovereign Sukuk to finance 15% of the total cost of Euro 2.7 billion required for the construction of the Standard Gauge Railway (SGR).
Cabinet approved the SGR financing structure in January 2025 reflecting the proportion and amounts to be mobilized.
60% of the Euro 2.7 billion will come from Export Credit Agencies (ECAs),15% from Sukuk and the balance of 25% will come from Development Finance Institutions (DFIs).
The Deputy Secretary to the Treasury (DST), Patrick Ocailap is currently leading Uganda's delegation on a Sukuk Roadshow in the East African Community, specifically in Kenya, Tanzania and Zanzibar, to interest Investors to participate in the inaugural sovereign Sukuk Issuance on a date that will officially be announced.
The other members of the delegation include; the Yusra Sukuk-lead arranger, Stanbic Bank Group,the Book Runners, Bank of Uganda, Standard Gauge Railway team, NS Kigozi Advocate- Sukuk Legal Advisor, Salaam Bank Uganda Limited the Receiving Bank and other
staff in the Debt Policy and Issuance Department of MoFPED.
The DST,Ocailap said the aim of the roadshow is market sounding, pricing discovery and building investor relations to ensure success of the planned Sovereign Sukuk Issuance.
@mofpedU will in the coming days share detailed information with Ugandans about this kind of innovative financing and the significance of the upcoming Sovereign Sukuk Issuance.
@newvisionwire@DailyMonitor@ubctvuganda@nbstv@ntvuganda@UgandaMediaCent@GCICUganda
@nbstv@MuhamadiMatovu It’s time for URC to step up with massive awareness campaigns and stakeholder engagement. Water transport is not just viable—it’s a missed economic opportunity.
@nbstv@MuhamadiMatovu Most of the time, these vessels are idle not because they can’t operate, but because there isn’t enough awareness or coordination to generate consistent cargo demand.
@nbstv@MuhamadiMatovu I think many people simply don’t understand the potential of water transport. We actually have a significant number of vessels—UHURU 1, UHURU 2, MV Mpungu, MV Orion 1 & 2, Munanka, Wankyo, Upendo, Kaawa, Umoja, Pamba—but they remain underutilized due to lack of cargo.
@SizweLo Prof J Sachs is right but he forgets to highlight that these African countries their sovereignty is banked in EU or US ! They do not have control! See what happened to Libya or DRCongo etc… good interview tho 👍🏾
@KagutaMuseveni NRM teaches that prosperity comes from producing, adding value, and keeping wealth at home.
How does Uganda protect local industry from dumping and capital flight—while keeping markets open and fair? 🇺🇬
Wealth creation must come first.
Thank you Jajja 🙏🏾
@KagutaMuseveni • Ugandan firms face expensive credit & weak domestic finance
• Policy supports markets, but not enough Ugandan capital
How do we make markets serve wealth creation, not extraction?
@KagutaMuseveni QUESTION TO H.E. PRESIDENT MUSEVENI 🇺🇬
(NRM | Patriotism | Wealth Creation)
How does Uganda defend wealth creation by Ugandans when:
• Local industries face dumping & subsidised imports
• Liberalisation enables capital flight through profit repatriation
Very sad news.
Dr. Emmanuel Iyamuremye, a proud Munyakigezi and patriotic Ugandan, has passed on.
As ED of UCDA, he led Uganda to a record 8.2M coffee bags and $2.4B in earnings (2024/25).
At OPM, he worked with OWC to support farmers with seedlings.
He has left a legacy of promoting higher household incomes.
MHSRIEP
GOVERNMENT RELEASES UGX 529 BILLION FOR PDM:
Finance Minister @MatiaK5 has today announced the release of the first tranche of UGX 529 billion for capitalisation of PDM SACCOs in FY 2025/26.
Starting tomorrow,all the 10,589 verified PDM SACCOs will receive UGX 50 million each directly into their PDM SACCO accounts.
In accordance with the PDM policy,@GovUganda releases PDM funds in two tranches of UGX 50 million for each PDM SACCO every six months.
"The Parish Development Model is no longer a theory,It is a reality. It is in your parishes. It is in your households. PDM is growing bigger,stronger and more impactful," said Kasaija while releasing the funds at @mofpedU
Government has so far transferred UGX 3.216 trillion directly to 10,589 parishes. Every single parish has now received at least UGX 300 million,and 99% of these funds have already been disbursed to 3.27 million Ugandans.
As the Ministry, we remain committed to supporting the Council and launching nationwide sensitization on the Veterinary Practitioners Act to ensure that all stakeholders understand their roles and obligations.
16TH NCF:
Minister of State for Planning,Amos Lugoloobi earlier today while officiating at the 16th National Competitiveness Forum (NCF) said investing in value-addition is nolonger non–negotiable.
"We must invest more in high quality processing to guarantee quality, product standardization and packaging for food and feeds to easily access regional markets," said Lugoloobi.
He however, said the Country still lacks enough capacity to produce high quality processed food and animal premixes, attracting significant amounts of imports for high-quality processed food and animal feeds inputs.
"It is therefore important that through this dialogue, we understand the missing link and explore strategies of closing the gaps with the view of making the two sectors competitive," said the Minister.
He said strengthening market intelligence and export facilitation is important for the private sector to know the demand dynamics, trade routes, regulatory changes, and competitor landscapes in the regional markets.
Lugoloobi said Government has launched a number of interventions including; the Economic & Commercial Diplomacy (ECD) Strategy aimed at leveraging foreign missions to collect market intelligence for Uganda's exports,in addition to attracting investors and tourists.
In a bid to grow exports of manufactured products in line with the Tenfold growth strategy, the Minister said @GovUganda acquired a USD 96 million loan under the INVITE Project, USD 104 million grant and USD 18 million as part of multi donor Trust Fund,adding that
these resources are expected to boost exports of manufactured products.
#NCF16
#TenfoldGrowth
Today, we have opened a two-day review workshop for institutions and partners in the implementation of the agro-industrialization programme, in Kampala. This review serves as a platform for assessing programme performance and exploring opportunities for improvement.
Coffee Price Update: Robusta fetches higher pricing (US$ 4,557 per tonne) on London International Financial Futures, local farm gate prices (In UGX per kilogram) remain stable.
❇️ Arabica Parchment: 16,000-17,000
❇️ Drugar: 17,000-18,000
See e-flyer for details.
#CoffeePriceUG
16TH NCF:
The Acting Permanent Secretary and Secretary to the Treasury, Patrick Ocailap has this morning delivered a keynote address on the Regional opportunities for Uganda's Agro-processed exports at the 16th National Competitiveness Forum at Golf Course Hotel in Kampala.
Ocailap said there is need to establish a competitive animal feeds industry to take advantage of the locally available raw materials such as maize, soybeans, sunflower, cottonseed, cassava, sweet potatoes and fish meal to produce high quality and affordable compounded animal feed.
He said the rising incomes, rapid urbanization, and a growing middle class across Africa are driving soaring demand for processed foods and animal proteins,adding that by 2040, demand for processed foods is projected to increase sevenfold.
He noted that Uganda already exports 58% of its products to Africa, with over half of animal feeds destined for regional markets.
Ocailap said the African Continental Free Trade Area (AfCFTA) further expands this opportunity, providing access to 1.4 billion people with a combined GDP of over USD 3 trillion.
The Acting PSST said already, Government through the Parish Development Model (PDM) has disbursed 3.209 trillion as of October 2025 to 3.251 million beneficiaries.
He said by end of FY 2024/25, shs 350.3 billion was allocated to piggery, shs. 334.2 billion to coffee, shs. 325.8 billion to poultry, shs. 289 billion to goats, shs. 247.9 billion to maize, shs.135 billion to beef cattle, shs. 154.4 billion to banana production and shs. 134 billion to cassava production, among others.
"This continues to boost production, creating backward linkages with small holder farmers and creating opportunities for value addition," said Ocailap.
#NCF16
#TenfoldGrowth
STATEMENT BY PSST ON IMF/ WB 2025 MEETINGS:
PSST @rggoobi earlier today issued a statement on the just concluded @IMFNews/ @WorldBank meetings in Washington D.C.
👇👇
Details:
https://t.co/rS3KD081ss
It was a great honor for Uganda to receive an award from the Food and Agriculture Organization of the United Nations for exemplary implementation of the South-South Cooperation Project, received on behalf of my team from the FAO Director-General Dr. Qu Dongyu in Rome, Italy.