By The Private Sector Development (PSD) Programme registered strong progress in the 2024/25 financial year, posting an overall output performance of 74.9%, according to the latest Annual Budget Monitoring Report by the Ministry of Finance’s Budget Monitoring and Accountability Unit (BMAU).
The programme, which aims to strengthen private sector competitiveness and support inclusive economic growth, performed well across all components. The Enabling Environment and the Strengthening Private Sector Institutional and Organisational Capacity sub-programmes both posted good results.
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According to the report, the strong performance was largely boosted by full disbursement under the Parish Development Model (PDM) financial inclusion pillar. The PDM pillar alone accounted for 52.2% of the programme’s total budget.
By June 30, 2025, cumulative PDM disbursements had reached Shs 2.699 trillion, transferred directly to 10,589 parishes. The Ministry of Finance indicates that transfers have since increased to Shs 3.261 trillion, with the target set at Shs 4.4 trillion by the end of the 2025/26 financial year.
Under the Emyooga initiative, seed capital utilisation stood at Shs 76.32 billion, benefitting 3,816 SACCOs, parish associations, and micro-enterprises. Membership across all client-based institutions reached 6.4 million, including women, youth, and persons with disabilities. A total of 7,740 Emyooga institutions received training, benefitting more than 40,000 leaders and over 171,000 members.
The One-Stop Centre also reported strong activity, processing 25,895 transactions during the year. A total of 481 investment licences were issued through the centre, representing planned investments of USD 3.2 billion and an anticipated 53,230 jobs.
According to the Finance Ministry, the results confirm the continued centrality of the private sector in Uganda’s economic growth strategy, with further details expected in the consolidated government performance report due later this year.
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