Finance Minister Henry Musasizi has called for increased investment in productive sectors, value addition and exports as Uganda and Denmark review their bilateral development cooperation portfolio, currently estimated at more than Shs700 billion.
Minister Musasizi made the remarks on Thursday while opening the Uganda-Denmark Portfolio Review Meeting 2026 at the Ministry of Finance, Planning and Economic Development.
He commended Denmark for its continued support to Uganda, noting that bilateral cooperation had continued to expand despite significant global economic shocks.
“Denmark has expanded its bilateral cooperation portfolio and private investment commitments,” Minister Musasizi said.
The ongoing cooperation portfolio is estimated at approximately 1.2 billion Danish kroner, equivalent to more than Shs700 billion. Its financial volume has more than doubled since the current bilateral development programme was initiated in 2023.
Minister Musasizi said government expects development assistance to increasingly stimulate productive investments, promote value addition, expand exports and create employment opportunities.
He added that Uganda wants development partnerships to connect locally produced goods to regional and European markets while mobilising private capital alongside public resources.
The minister reaffirmed the Ministry of Finance’s commitment to coordinating development partner engagements and working with relevant government institutions to address outstanding implementation challenges.
Danish Ambassador to Uganda Signe Winding Albjerg said the review meeting provides an opportunity for both governments to assess their development partnership and discuss projects supported by Denmark.
She noted that Denmark’s areas of cooperation were aligned with Uganda’s National Development Plan IV and the Tenfold Growth Strategy.
Albjerg reaffirmed Denmark’s commitment to international development, saying bilateral cooperation with Uganda had grown and was expected to strengthen further in the coming years.
