Uganda's Ministry of Finance used the Annual Financial Inclusion Forum 2025 to set out government initiatives intended to advance financial inclusion, positioning the financial sector as an enabler of the Tenfold Economic Growth Strategy and highlighting efforts to address low savings and high credit costs referenced in the National Development Plan IV and Vision 2040. Finance Minister Matia Kasaija pointed to the Parish Development Model and Emyooga, as well as the Large-Scale Farmers Financing Scheme, Small Business Recovery Fund, Agriculture Credit Facility and the capitalization of the Uganda Development Bank. He also cited the Uganda Agriculture Insurance Scheme, which has disbursed over UGX 40 billion to 885,623 farmers, covering agricultural loans worth UGX 2.47 trillion. In closing remarks, the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, referenced the 2023 Finscope Report showing adult financial inclusion at 81% (up from 70% in 2009), driven mainly by mobile money, while Bank of Uganda Deputy Governor Augustus Nuwagaba called for financial products that reflect affordability, trust and user needs, including for youth, women and people with disabilities.
Ministry of Finance (Uganda) 2025-11-13
Uganda's Ministry of Finance outlines financial inclusion programmes and reports UGX 40 billion paid under the Uganda Agriculture Insurance Scheme
Uganda's Ministry of Finance outlined initiatives at the Annual Financial Inclusion Forum 2025 to enhance financial inclusion and support the Tenfold Economic Growth Strategy. Key programs include the Parish Development Model, Emyooga, and various financing schemes, with significant disbursements under the Uganda Agriculture Insurance Scheme. The 2023 Finscope Report highlighted an increase in adult financial inclusion to 81%, driven by mobile money, with calls for more inclusive products.