It should be noted that a number of policy interventions have been adopted over a period of time. The aim has been to transform the country into a modern economy.
However, there have been a number of binding constraints which must be addressed in order to transform the country.
The following characteristics would entail a modern Ugandan economy;
Changed structure of the economy from agrarian to industry and service based Despite various government strategies and programs implemented for the last 30 years.
76% of the Ugandan population are still engaged in agriculture, largely comprising small-holder farmers. This must change but will require the following strategies;
a) Investment in land reform to free the land market, address the current land impasse- conflict between land lords and tenants, and support commercial agriculture.
b) Establishment of National Agriculture Bank (NAB) to facilitate large commercial farming and production infrastructure.
c) Investment and creating incentives for agro -processing for value-addition and marketing.
d) Targeted land banking to allow large investment on land.