President Yoweri Kaguta Museveni on Tuesday held talks with a delegation from the World Bank at State Lodge Nakasero, emphasizing the need for strategic investments in infrastructure and agro-industrialization to drive Uganda’s economic transformation.
The World Bank team was led by Qimiao Fan, Division Director for Kenya, Rwanda, Somalia, and Uganda, alongside Country Manager Francisca Ayodeji Akala.
During the meeting, Museveni welcomed the Bank’s support towards the development of the Standard Gauge Railway (SGR) and ongoing efforts in agricultural industrialization. He underscored that investments in railways, reliable electricity, and affordable financing remain critical to lowering production costs and enhancing the competitiveness of Ugandan goods in regional and global markets.
The President reiterated Uganda’s long-standing position that infrastructure development is a key enabler of private sector growth, particularly in agro-processing and value addition.
Museveni also made a philosophical observation, noting that the World Bank is increasingly aligning with principles that promote shared prosperity and improved livelihoods globally.
Uganda has been engaging the World Bank on various development programs, particularly in infrastructure, agriculture, and social services, even as discussions continue around financing priorities and policy alignment.
The meeting comes at a time when Uganda is pushing to accelerate large-scale infrastructure projects and deepen industrial capacity as part of its broader economic development strategy.
