Strong Registration Systems Key to Uganda’s Growth, Says Finance Ministry
The Ministry of Finance, Planning and Economic Development (MoFPED) has applauded the launch of the Strategic Plan IV (2025/26–2029/30) as a milestone step in strengthening Uganda’s economy through formalisation and private sector growth.
Speaking on behalf of the Permanent Secretary, Mr. Ramathan Ggoobi, at the launch, the Director of Economic Affairs, Mr. Moses Kaggwa, described the plan as a national milestone that goes beyond URSB’s mandate.
“A vibrant registration system is the backbone of private sector growth, job creation, and formalisation, the very pillars of our national transformation agenda,” Mr. Kaggwa said.
He noted that URSB is a strategic partner in economic management, contributing to business formalisation, broadening the tax base, improving the investment climate, and advancing financial inclusion. Initiatives like the Security Interest in Movable Property Registry (SIMPO), he added, are enabling farmers, youth, and women to access affordable credit.
Mr. Kaggwa commended URSB’s achievements under the previous plan, including steady growth in non-tax revenue, the automation of 90% of services, and reforms that helped Uganda exit the FATF grey list. He also highlighted efforts to expand access beyond Kampala, ensuring more Ugandans benefit from registration services.
The new Plan, anchored in Vision 2040 and the Fourth National Development Plan, requires a resource framework of UGX 552.78 billion. MoFPED pledged its support to secure funding and encourage innovation in revenue collection.
“Uganda’s tenfold growth strategy will be realised when every farmer, trader, innovator, and artist can say: I registered, I was recognised, and I grew,” Mr. Kaggwa concluded.
