The Emyooga programme, has created and sustained over 1.1 million jobs across Uganda, the Minister of State for Finance, Henry Musasizi, has revealed.
Musasizi made the disclosure while appearing before Parliament’s Committee on Finance, where he presented the Ministry’s 2026/27 Ministerial Policy Statement.
According to the Minister, the government has invested heavily in the programme to expand access to affordable credit and support small businesses.
“Over Shs100 billion was disbursed in affordable credit benefiting over 350,000 individuals, while Shs76.32 billion in Emyooga seed capital was extended to 3,816 SACCOs, supporting over one million beneficiaries,” Musasizi said.
He noted that these interventions have significantly contributed to job creation and improved household incomes.
The Minister also highlighted progress under the Parish Development Model (PDM), saying that by December 2025, all 10,589 verified PDM SACCOs had been capitalised with Shs50 million each, totaling Shs529 billion.
“Cumulatively, Shs3.63 trillion has been disbursed as a parish revolving fund to last-mile beneficiaries. As a result, we have achieved financial inclusion for more than 3.6 million beneficiaries that were previously unbanked,” he explained.
Musasizi further pointed to support in the agricultural sector, revealing that Shs40.7 billion had been injected into the Agricultural Credit Facility, while Shs7.5 billion was provided as a subsidy to the Uganda Agricultural Insurance Scheme, benefiting hundreds of thousands of farmers.
Looking ahead, the Minister said the Ministry of Finance is set to receive a budget of Shs2.78 trillion for the 2026/27 financial year, with additional funding allocated to key institutions including the Microfinance Support Centre, Uganda Development Bank, and Enterprise Uganda to boost economic activity.
He assured Parliament that Uganda’s economy remains on a positive trajectory.
“The economy is characterised by strong growth momentum, low inflation, stable financial markets and improving external performance,” Musasizi said.
“Going forward, the Ministry remains focused on addressing emerging risks, including fiscal pressures, while sustaining the gains achieved under its core mandate of sound economic management,” he added.
