By Moses Sserwanga<\/p>\n\n\n\n
The Ministry of Finance Permanent Secretary and Secretary to the Treasury ,(PSST), Mr.Ramathan Ggoobi has underscored the role of manufacturing as a key ingredient in transforming Uganda\u2019s economy .<\/em><\/p>\n\n\n\n Ggoobi -a renowned economists who has previously taught the \u201ceconomics that works\u201d said that the state should be involved in the country \u2018s industrialization agenda by supporting those key sectors that will grow the economy , create jobs and improve the general wellbeing of Ugandans .<\/em><\/p>\n\n\n\n The PSST made the remarks while inspecting the construction works of Kiira vehicle Plant at the Jinja Industrial and Business park on Saturday. He was taken on a guided tour of the plant by the Executive Chairman Kiira Motors , Prof Sandy Stevens Tickodri-Togboa and CEO Mr. Paul Isaac Musasizi.<\/em> The plant the biggest in East and Central Africa is set to produce 22 buses per day and 5,000 a year . It is being constructed by the UPDF Engineering Brigade under the army’s trading arm -the National Enterprise Corporation (NEC) headed by Gen. James Mugira.<\/p>\n\n\n\n Impressed by the work and investment to realise mission vehicles made in Uganda Ggoobi stated ; \u201cYou are on the right course. Students of industrial policy know that the route to higher returns has been through learning-by-doing.<\/p>\n\n\n\n \u201c In the process of learning, most private firms lose money which makes the role of government important. In all success stories, governments subsidised the initial learning process where private investors were unwilling to risk their capital in poorly understood businesses. Evidence shows although this exercise involves many disappointments, it is highly rewarding in the end.\u201d<\/p>\n\n\n\n He pledged to continue supporting Kiira Motors to have the plant completed and start producing vehicles on a commercial scale next year .<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" By Moses Sserwanga The Ministry of Finance Permanent Secretary and Secretary to the Treasury ,(PSST), Mr.Ramathan Ggoobi has underscored the role<\/p>\n","protected":false},"author":1,"featured_media":4375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[168,65],"tags":[],"class_list":["post-4374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-development","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211025-WA0120.jpg","jetpack-related-posts":[{"id":14259,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-airlines-is-facilitating-exports-and-tourism-growth-says-psst-ggoobi\/","url_meta":{"origin":4374,"position":0},"title":"Uganda Airlines Is Facilitating Exports And Tourism Growth, Says PSST Ggoobi","author":"UgandaUpdate","date":"April 16, 2025","format":false,"excerpt":"The revival of Uganda Airlines was intended to facilitate the growth of Uganda's tourism sector by creating a direct connection between Uganda and its key tourist source markets, create a faster route for horticulture exports and integrate Uganda better into global value chains, Ramathan Ggoobi, the Permanent Secretary and Secretary\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/ggoob.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/ggoob.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/ggoob.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/ggoob.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/ggoob.jpg 3x"},"classes":[]},{"id":15815,"url":"https:\/\/prowebinhost.com\/anzu\/govt-to-receive-shs6-948t-world-bank-funding-ggoobi-confirms\/","url_meta":{"origin":4374,"position":1},"title":"Gov\u2019t to receive Shs6.948t World Bank funding-PSST Ggoobi","author":"UgandaUpdate","date":"October 22, 2025","format":false,"excerpt":"The World Bank will give Uganda over $2 billion in new financing in the next three financial years to fund economic development, according to the country 's permanent secretary , Ramathan Ggoobi. The global lender resumed loans to the east African country, a prospective crude oil producer, in June after\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/10\/88c302319e0ff02b1534f5d6b106d2c6-1.png","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/10\/88c302319e0ff02b1534f5d6b106d2c6-1.png 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/10\/88c302319e0ff02b1534f5d6b106d2c6-1.png 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/10\/88c302319e0ff02b1534f5d6b106d2c6-1.png 2x"},"classes":[]},{"id":9591,"url":"https:\/\/prowebinhost.com\/anzu\/president-museveni-assures-kiira-motors-corporation-that-government-will-buy-the-electric-buses-produced-at-the-kiira-vehicle-plant-in-jinja\/","url_meta":{"origin":4374,"position":2},"title":"President Museveni Assures Kiira Motors Corporation That Government Will Buy The \u00a0Electric Buses Produced At The Kiira Vehicle Plant In Jinja","author":"MOSES SSERWANGA","date":"August 5, 2023","format":false,"excerpt":"President Yoweri Museveni has reiterated his determination to superintend over Uganda\u2019s industrialization agenda by once again \u00a0making a public pledge that government will take the lead in buying electric buses produced by Uganda\u2019s automaker Kiira Motors Corporation (KMC). \u201c If you make electric buses , the government will buy them\u2026","rel":"","context":"In "Automotive industry"","block_context":{"text":"Automotive industry","link":"https:\/\/prowebinhost.com\/anzu\/category\/automotive-industry\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/08\/muse.jpeg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/08\/muse.jpeg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/08\/muse.jpeg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/08\/muse.jpeg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/08\/muse.jpeg 3x"},"classes":[]},{"id":7545,"url":"https:\/\/prowebinhost.com\/anzu\/all-government-departments-should-buy-eletric-buses-president-museveni\/","url_meta":{"origin":4374,"position":3},"title":"ALL GOVERNMENT DEPARTMENTS SHOULD BUY ELETRIC BUSES-PRESIDENT MUSEVENI","author":"UgandaUpdate","date":"December 7, 2022","format":false,"excerpt":"President Yoweri Museveni has once again directed that all government\u00a0 departments should purchase electric buses as one of the ways to reduce costs associated\u00a0 with high fuel prices. 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