Uganda’s New Industrial Policy, 2020
Jul 6, 2021
The Government of Uganda recently launched a new National Industrial Policy designed to spur industrial development, economic transformation and guide its industrialization, employment and wealth creation agenda. The formulation of the new policy and launch were all supported by the United Nations Development Programme (UNDP.)
The policy also seeks to address trade imbalances through enhancement of import substitution, lower costs of industrial finance, improve integration with agriculture and mineral exploitation among other domestic natural resources.
Additionally, the policy seeks to promote resource efficient and environmentally sustainable industrialization in the country, increase and sustain the supply of quality raw material for value addition.
The policy is aligned to and contributes to the attainment of development aspirations enshrined in the Uganda Vision 2040 and the third National Development Plan (NDP III) whose overriding theme is, Sustainable Industrialisation for Inclusive Growth, Employment and Sustainable Wealth Creation.
The policy also contributes to the achievement of the 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals especially SDG 9 on fostering Industry, Innovation and Infrastructure development.