Uganda's Finance Minister Henry Musasizi has introduced a five-pillar strategy aimed at transforming the country's economy into a USD 500 billion entity. During his first management meeting, he emphasized the need for a shift from gradual growth to a more rapid economic expansion, focusing on fiscal discipline and effective management of anticipated resources.

Uganda’s Finance Minister Henry Musasizi outlined his agenda during his first management meeting with senior officials at the Ministry of Finance, Planning and Economic Development. He emphasized the need for a cultural shift within the ministry to achieve the government's broader economic goals. Musasizi was recently appointed to the position, succeeding previous leadership.

President Yoweri Museveni has signed a new law that criminalizes Ugandans for receiving foreign funding for political purposes beyond a specified limit and without government approval. This legislation has raised concerns about the shrinking political space in Uganda, particularly following Museveni's recent re-election, which was criticized for not being free and fair. The Uganda Law Society has expressed serious concerns regarding the electoral process and the suppression of fundamental freedoms.

President Yoweri Kaguta Museveni met with The Rt. Hon. Baroness Chapman, the UK Minister of State for International Development and Africa, at State House in Entebbe. They discussed enhancing the longstanding partnership between Uganda and the UK, focusing on investment, trade, and economic cooperation.

Henry Musasizi, the Minister of Finance, Planning and Economic Development, has launched Makerere University’s Strategic Plan for 2025/26 to 2029/30. He emphasized the government's commitment to enhancing higher education, research, and innovation, which are seen as essential for Uganda's goal of increasing its economy to $500 billion by 2040. The launch took place at Makerere University during a ceremony attended by various stakeholders.

Prime Minister Robinah Nabbanja has initiated an inquiry into the allocation of a Shs10 billion support package for concert and events promoters, following allegations that the initial Shs3 billion distribution favored only a few individuals. During a meeting with promoters and stakeholders, Nabbanja addressed these concerns and emphasized the need for fair distribution of the funds pledged by President Yoweri Museveni.