The Executive Director of the Uganda Development Forum (UDF), Edward Katende, has highlighted the nation’s progress in financial empowerment and economic transformation during Spotlight Uganda, a discussion hosted by NBS Television under the theme, “Financial Empowerment: Unlocking Uganda's Household Wealth.”
Speaking at the event, Katende reflected on Uganda’s remarkable journey from widespread subsistence living to greater household financial stability.
“In 1986, 85% of Ugandans were working just for their stomachs. That has reduced significantly to 33%,” he said, noting that the number of subsistence households continues to decline across the country.
Katende emphasized the role of government programs such as PDM, which ensure inclusive participation in the money economy.
“PDM ensures that no one is left behind and everyone gets to play in the money economy,” he said, underscoring the initiative’s focus on equitable economic participation.
Katende also highlighted the government’s philosophy on household income, as championed by President Museveni.
“The President believes that if we help households earn a decent income to afford the basics of life, other aspects of development will naturally follow,” Katende said.
Looking ahead, Katende expressed optimism about Uganda’s economic trajectory, stating,
“We are here to discuss how Uganda is positioning herself to become a 500-billion-dollar (Shs 1,738 trillion) economy within the next 15 years.”
He attributed the nation’s progress to deliberate government interventions targeting poverty alleviation, adding, “The results are showing.”
On urban economic activity, Katende noted a shift toward trade and value addition.
“In urban areas, people are investing mostly in trade and value addition, which is helping to broaden the economic base and create sustainable income streams,” he said.
The event brought together policymakers, development practitioners, and stakeholders to deliberate on strategies for financial empowerment and inclusive growth. Katende’s remarks underscored the government’s commitment to building a robust economy where households are at the center of development.