Today, President Yoweri Kaguta Museveni, accompanied by Maama Janet, officially opened the Uganda Development Finance Summit 2025 at Munyonyo. The President emphasized that transforming Africa requires prioritizing vision, integrity, and patient capital. Development finance institutions play a critical role in supporting impactful infrastructure projects while integrating millions of Ugandans into the national economy.
President Museveni highlighted the importance of saving and capital accumulation, noting that true development requires long-term planning and sacrifice. He expressed concern over commercial banks charging high interest rates of 22%, despite inflation being below 5%, which restricts investment to short-term trade in non-essential goods.
To overcome these challenges, the President underlined the need for a government-led development institution that prioritizes national growth over profit. The Uganda Development Bank provides stable, affordable credit to productive sectors, ensuring sustainable economic progress and securing Uganda’s future prosperity.