Oil promise, wealth creation: Museveni’s agenda for his new term

Uganda

Ugandan President Yoweri Museveni receives the instruments of power at Kololo Ceremonial grounds in Kampala on May 12, 2026.

Photo credit: Presidential Press Unit

At his inauguration ceremony at the Kololo Ceremonial Grounds on Tuesday, President Yoweri Kaguta Museveni set out an ambitious economic vision centred on wealth creation, industrialisation, and a new era of 'no more sleep' for Ugandans.

Addressing regional leaders, government officials and thousands of supporters who had gathered at the grounds or were watching on television, Museveni said that Uganda had entered a decisive phase in which citizens must take advantage of peace, infrastructure and government programmes to create wealth and jobs. He said that the foundations laid by the ruling National Resistance Movement (NRM) since 1986 had transformed the country and opened up opportunities for economic growth.