The government of Uganda is planning to introduce treasury bills with a minimum investment amount of just Shs 10,000. This move is aimed at encouraging personal savings and enhancing domestic revenue collection to support national development projects.
Stephen Kasangaki, the commissioner for Cash Policy at the Ministry of Finance, revealed this plan during the National Consultative Meeting on Financing for Development held at Sheraton Hotel in Kampala on September 11, 2025. He noted that a new legal framework is being drafted to allow individuals to invest in government securities with small amounts, making it more accessible to ordinary citizens.
The event was organized in collaboration with several civil society organizations including ActionAid International, Centre for Basic Research (CBR), Civil Society Budget Advocacy Group (CSBAG), Uganda Debt Network (UDN), and others, alongside the Office of the Prime Minister.
Participants at the meeting emphasized the importance of aligning financial practices with four key principles: national ownership, focus on measurable results, inclusive partnerships, and strong transparency and accountability. They also called for better monitoring systems, policy dialogue, and reforms to ensure that financial support is effectively aligned with the country’s development goals.
Speakers noted that raising funds for development doesn’t have to mean increasing taxes. Alternatives like promoting local savings and enhancing trade were suggested. However, they stressed that any funds raised must be used efficiently and responsibly.
Presenting the draft Uganda Country Report for 2023–2026, Richard Ssewakiryanga from the Centre for Basic Research called for a unified approach among Uganda’s elite to tackle the country’s economic and political challenges. He criticized the poor state of public services like education and health, noting that many Ugandans are turning to moneylenders to cover basic needs.
The meeting also addressed how Uganda can implement its international commitments made during the Seville Commitment conference held in Spain in June 2025.