Dan Petrie, the Acting Chief of Staff of the Millennium Challenge Corporation, said MCC had signed a $60 million Energy Threshold Program hours earlier. The programme aims to lower high electricity costs and improve reliability by modernising the Energy Regulatory Commission, strengthening electric cooperatives, piloting smart-grid technologies and unlocking domestic capital for power infrastructure.

Turning to security, Museveni argued that Africa's future strength will depend on political unity, saying individual countries may not have the capacity to compete globally in areas such as space and maritime security.

“This is a place of sacrifice. The NRM is a party of sacrifice,” President Museveni said, warning against leaders who use public office for personal gain.

“Mr. Mwenda, thank you for declaring me senile and incapable of judging right. You will, however, discover that at 82, I am still able to defend Uganda and myself with the Bible, the AK-47 and the pen,” Museveni said.

As Uganda searches for sustainable pathways toward industrial growth and youth employment, investments in electric mobility and manufacturing are increasingly becoming more than business ventures — they are emerging as tests of the country’s readiness for a modern, innovation-driven economy. Whether Gagan Gupta’s model succeeds may ultimately depend not only on investment capital, but on Uganda’s ability to build the infrastructure, accountability, and policy stability needed to turn economic ambition into measurable public impact

President Yoweri Museveni has used his inauguration address to push for industrialisation, value addition, and skills-based economic transformation, warning that Africa cannot achieve sustainable prosperity while exporting raw materials and importing finished products.

Beyond the political symbolism of another presidential swearing-in, Museveni’s “Kisanja No Sleep” message signals a strategic shift toward household-level economic participation, placing wealth creation, productivity, and regional market integration at the center of Uganda’s next development phase.

Private Sector Foundation Uganda (PSFU) is Uganda’s apex body for the private sector, made up of 300 business associations, corporate bodies, and the major public sector agencies that support private sector growth.