Uganda’s economy doubles to 26.7 billion dollars since 2011
The State minister for Finance, Planning and Economic Development David Bahati has implored the newly sworn in and inaugurated National Planning Authority board headed by Prof.
Pamela Mbabazi to priotize the strategies identified by government for its National Development Plan 111 saying this will be achieved through strengthening sectoral planning and human resource capital through skills development.
Bahati says the new board has come at a time when the economy has expanded more than two times from 46.9triilion in FY 2010/11 to 101 trillion in FY 2017/18 which is an achievement registered for the ending national development Plan 11.
He quotes the real GDP growth at an average of 5% over the current NDP11 period with a domestic revenue collection increasing from 7.3 trillion in FY 2010/11 to 14 trillion in FY 2017/18 comparing it with the low 5 billion in FY 1985/86.
Bahati who took through the new board some of the projects they have managed to complete so far that include Entebbe Expressway, Isimba hydro power plant, Karuma Hydro power that is to completed by June, Uganda Airline revival and Provision of earth moving equipment wants it to focus on industrialization of the country with emphasis on improving household incomes and quality of life of citizens under the NDP111.
Meanwhile on her part the board chair Prof.Pamela Mbabazi stressed the need for unity and hard work as one strong way to overcome the pending challenges within the Authority that were highlighted by Executive director Joseph Muvaawala.
The new National Planning Authority board to serve a five year term that is renewable once was sworn in by deputy chief justice Alfonse Owiny-Dollo is chaired by former Mbarara University deputy vice chancellor Prof Pamela Mbabazi, deputized by Prof Sam Kinyera Obwonya.
Other members on the board are Ms Lydia Wanyoto, Dr Ivan Lule and Prof Enos Kiremire.
In a similar manner the NPA policy brief is considering the idea of unlocking the Economic Potential of greater Kampala for increased Productivity and Growth as it is emphasized in the second National Development Plan.
It states that Greater Kampala Metropolitan Area that include Kampala City ,Mpigi,Mukono,Wakiso and municipalities of Entebbe,Nansana,Kira,Mukono and Makindye Ssabagabo contributes 65% of Uganda’s non agricultural GDP and hosting 46 percent of all formal employment and produces despite accounting for just over 10% of the population during day.
The National Planning Authority recommends that to holistically unlock the economic potential of the Greater Kampala Metropolitan Area it is crucial to streamline the legal framework to avoid duplication of mandates, enhance coordination and improve its planning for greater economic benefits establish an institutional framework for coordination, adopt a collective approach to resource mobilsation by all entities.
The policy brief for the first quarter 2018/19 on the Greater Kampala Metropolitan Area states that the potential of GKMA has been undermined by a number of challenges both institutional ,legal technical and financial among others.