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Economic Policy Research Centre

A collage of NRM’s President Museveni, NUP’s Robert Kyagulanyi, and FDC’s Nandala Mafabi. The three parties’ manifestos promise on business differ. For large contractors and foreign investors, NRM’s continuity and scale may feel safest. For SMEs and startups, NUP’s promise of a level playing field is potentially the most transformative, while for agribusiness and rural financiers, FDC’s cooperative-driven model could expand markets and liquidity.
A collage of NRM’s President Museveni, NUP’s Robert Kyagulanyi, and FDC’s Nandala Mafabi. The three parties’ manifestos promise on business differ. For large contractors and foreign investors, NRM’s continuity and scale may feel safest. For SMEs and startups, NUP’s promise of a level playing field is potentially the most transformative, while for agribusiness and rural financiers, FDC’s cooperative-driven model could expand markets and liquidity.

Manifesto Economics: Which Promises Survive Contact with Uganda’s Business Reality?

Markets in downtown Kampala remain lively, yet many traders quietly admit sales are slowing and loan costs are biting harder. It is the classic squeeze: weak consumer demand meeting tighter credit. Uganda’s
October 22, 2025

 

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