Uganda: Construction Sector Key in Driving Uganda's Tenfold Economic Growth By 2040 - Minister Musasizi
Finance Minister Henry Musasizi has named construction as one of the most critical sectors in Uganda's push to build a $500 billion economy by 2040, a target that would represent roughly tenfold growth from where the country stands today.
Speaking on the ambition, the government outlined a clear set of priorities: more infrastructure investment, affordable financing options, stronger local contractor capacity, and broader reforms to make the business environment easier to work in. The message was direct. Uganda cannot hit that number without a construction sector that is fully equipped to deliver.
What makes this moment interesting is the emphasis on local contractors. Rather than leaning entirely on foreign firms to build out the country's infrastructure, the government is signaling that Ugandan businesses need to be positioned to compete and lead. That shift in thinking, if backed by real policy, could reshape who gets to build the country and who profits from it.
The 2040 deadline is close enough to feel urgent and far enough to demand long-term commitment. Whether the financing reforms and capacity-building measures follow through is the question worth watching.
Originally published by AllAfrica.