Victoria University VC Muganga delivers inspiring keynote at UDB's Rise for Uganda Forum
Uganda is committed to the 10-fold growth strategy, aiming to expand GDP from $50 billion to $500 billion. Currently, our GDP has grown to $60.2 billion, showing steady progress.
The RISE for Uganda is a Multi-Stakeholder Forum held at Sheraton Hoel Kampala, where leaders and innovators come together to co-create scalable, high impact opportunities across Uganda’s key sectors. During the 2nd day, speeches highlighted on how Uganda’s transformation journey can be built on smarter systems away from the traditional ways of doing business.
The Vice Chancellor of Victoria University Prof. Lawrence Muganda who gave a keynote speech, took center stage stressing the obligations every one of us needs to embrace for securing inclusive & revolutionary progress in Uganda.
Prof. Muganda said that in order to respond to the evolving global economy that is shifting rapidly toward technology and AI-driven innovation, there is a need to digitize education, expand access to technology, strengthen digital literacy, and invest strategically in innovation-led enterprises.
"Satellite internet is economic oxygen, and Africa needs this lifeline now. For Uganda, the message is equally clear. The global economy is shifting rapidly toward technology and AI-driven innovation. Millions of new jobs will emerge, while others will disappear. We cannot afford to remain anchored in traditional models while the rest of the world moves forward" he said
He said that the country can leverage on the big youth percentage we have as human capital to drive the economy but added that this can only be possible when they are prepared well.
"In this changing landscape, our greatest strength is our youth. With 76% of our population under the age of 30, we have the human capital to compete globally. The real question is whether we are preparing them for the economy of 2030, not the economy of yesterday. Preparing them for that future means digitizing education, expanding access to technology, strengthening digital literacy, and investing strategically in innovation-led enterprises" he said
He called upon all players across government, finance, education, and the private sector to work together to direct capital into innovation and technology-focused sectors that deliver long-term impact to achieve the tenfold growth Uganda desires.
Prof. Muganga with participants
Sylver Kyeyune, Director Risk Management UDB said that “Solutions must be designed for Uganda. if we are to architect the prosperity we seek, it must be done intentionally, collectively, and on platforms like this. Fragmented efforts will not deliver the transformation Uganda requires"
Denis Ainebyona, Commissioner Industry, Ministry of Trade, Industry and Cooperatives said that "Manufacturing will be the key driver, with a dual focus: import substitution to reduce dependency on foreign goods, and export promotion to increase Uganda’s share of global markets. Our goal is to grow manufactured exports from the current 22% to 35%, focusing on high-value, high-tech products"
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