Overview:
Uganda has launched its Third Strategy for Financial Literacy (2026–2031), a Bank of Uganda-led plan targeting young people, women, farmers and small firms.
Uganda has launched a five-year national strategy to improve how people manage money. The plan targets young people, women, farmers and small businesses.
The Third Strategy for Financial Literacy (2026–2031), led by the Bank of Uganda, replaces a plan that ran from 2019 to 2024.
It covers saving, budgeting, borrowing, investment, insurance, retirement planning, consumer protection and the safe use of digital financial services.
Sandra Nakabiito, speaking on behalf of the finance minister, said access to banking services was of limited value if people did not know how to use them.
“What separates two individuals earning the same income is not luck or access, but knowledge, skills and confidence in handling money,” she said.
The launch was attended by Bank of Uganda deputy governor Prof Augustus Nuwagaba, along with officials from financial institutions and development partners.
The strategy prioritises informal workers, rural communities and micro, small and medium-sized businesses alongside young people and women.
KCB Bank Uganda, one of the lenders backing the plan, said it would expand its financial education programmes and begin measuring changes in customers’ saving and borrowing habits.
“We are committed to consolidating our existing initiatives, measuring behavioural changes in areas such as savings and credit management, and strengthening partnerships,” said Miranda Bageine Musoke, the bank’s head of retail banking.
The bank runs training for women entrepreneurs and small business owners. It says its Twekozese youth programme, run through the KCB Foundation, has reached more than 2,500 young people.