The Minister of Finance, Henry Musasizi has directed the leadership of the Microfinance Support Centre (MSC) to align its operations with the government’s vision of transforming Uganda into a US$500 billion economy by 2040.
Minister Musasizi made the call on Tuesday during a meeting with the MSC Board and Management at the Ministry of Finance, where he emphasized the institution’s critical role in expanding financial inclusion and supporting wealth creation across the country.
The MSC delegation was led by Board Chairman Dr. Kiiza Aliba Emmanuel and Executive Director John Peter Mujuni, alongside other senior managers.
Speaking during the meeting, Mujuni said the Microfinance Support Centre remains committed to its mandate of providing sustainable financial services to Uganda’s economically active poor through community-based financial institutions, including SACCOs and savings groups.
“We want to see the country covered with vibrant community financial institutions transforming the lives of the active poor,” Mujuni said.
He revealed that by 2030, the Centre aims to establish at least 18 SACCOs in every constituency and 18 savings groups in every parish to deepen access to affordable financial services and boost household incomes.
According to the Centre, its interventions have so far reached 7.5 million individual beneficiaries, enabled SACCOs and community groups to accumulate Shs639 billion in savings, and contributed to the creation of 1.2 million jobs nationwide.
The institution has also facilitated the establishment of 7,148 Emyooga SACCOs and mobilized 250,710 parish-based associations, strengthening community-level access to finance and supporting the government’s wealth creation initiatives.
Minister Musasizi asked the Centre to sustain and scale up its efforts to ensure its programmes contribute meaningfully to Uganda’s long-term economic transformation agenda.
