Operation Zaidi

Government interventions designed to transform livelihoods and stimulate growth.

Government of Uganda · MoFPED

UGX 9.58 trillion invested in wealth creation since FY 2009/10

10 government interventions targeting subsistence households, women, youth, farmers and small businesses — administered across MoFPED, MoGLSD, BoU, MSCL, UDB and PSFU.

Active programmes: 13
Beneficiaries reached: 4,750,066
Cumulative disbursed: UGX 7.9 trn

Total invested since 2009/10

UGX 9.58 trn

Across all wealth-creation funds

Cumulative disbursed

UGX 7.9 trn

Sum across 8 reporting programmes

Beneficiaries reached

4,750,066

Sum across all programmes

Cumulative repayments

UGX 141.3 bn

Repayments + reflows

Money flow at a glance

Capital → reach → return

Stage 1Total invested

UGX 9.58 trn

Capital allocated since FY 2009/10

Stage 2Disbursed

UGX 7.88 trn82.2% of stage 1

Reached beneficiaries via SACCOs, banks & MDAs

Stage 3Repaid

UGX 141.27 bn1.8% of stage 2

Repayments returned to revolving funds

Each stage labels its share of the previous one. The narrowing from disbursed to repaid reflects the PDF observation on low repayments across programmes — a key reason the revolving funds don't grow.

Programme launches over time

Bars start at programme inception year

1972197419761978198019821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026

UDB
1972
NAADS
2001
ACF
2009
YLP
2013
YVCF
2013
UWEP
2016
UDC
2016
EMYOOGA
2019
SBRF
2021
GROW
2022
INVITE
2023
Cattle
2025

Fund size distribution

Proportional share of UGX 8.96 trn allocated

PDM36.3%
UDC17.9%
UDB17.3%
ACF11.8%
INVITE8.9%
EMYOOGA2.4%
YLP1.8%
UWEP1.2%
Cattle0.9%
GROW0.6%
YVCF0.5%
SBRF0.4%
NAADS0.0%

Beneficiaries reached

Cumulative since inception

EMYOOGA
2,365,721
PDM
1,152,217
NAADS
786,580
YLP
200,210
UWEP
198,248
Cattle
12,039
GROW
8,200
ACF
6,200
UDC
6,050
INVITE
6,000
YVCF
4,450
SBRF
3,301
UDB
850

Cost per beneficiary

Disbursed ÷ beneficiaries

UDB
UGX 1.8 bn
ACF
UGX 171.1 m
UDC
UGX 155.5 m
INVITE
UGX 53.5 m
SBRF
UGX 11.9 m
YVCF
UGX 10.0 m
GROW
UGX 6.2 m
Cattle
UGX 5.0 m
PDM
UGX 2.8 m
YLP
UGX 802k
UWEP
UGX 540k
EMYOOGA
UGX 116k

Repayment rate

Repayments ÷ disbursed

UWEP
69.3%
YLP
33.2%
YVCF
30.8%

By implementing agency

The PDF observes interventions are scattered across multiple agencies — here's the map

Unknown

1 programme · UGX 3.3 trn

PDM

MoFPED

1 programme · UGX 1.6 trn

UDC

Uganda Development Bank Ltd

1 programme · UGX 1.6 trn

UDB

Bank of Uganda · MoFPED

1 programme · UGX 1.1 trn

ACF

MoFPED · INVITE Trust

1 programme · UGX 800.0 bn

INVITE

MoGLSD

2 programmes · UGX 267.7 bn

YLP UWEP

MSCL

1 programme · UGX 213.6 bn

EMYOOGA

Office of the Prime Minister

1 programme · UGX 80.0 bn

Cattle

MoGLSD · PSFU

1 programme · UGX 50.8 bn

GROW

MoFPED · MSCL

1 programme · UGX 44.6 bn

YVCF

Bank of Uganda

1 programme · UGX 39.4 bn

SBRF

NAADS Secretariat · MAAIF

1 programme · UGX 0

NAADS

Who each programme serves

Audience overlap surfaces where multiple programmes target the same group

Subsistence HHs1Women2Youth2SMEs2Farmers1Industry2Specialized1

	Subsistence HHs	Women	Youth	SMEs	Farmers	Industry	Specialized
PDM
EMYOOGA
ACF
YLP
UWEP
SBRF
GROW
INVITE
UDB
YVCF
NAADS
UDC
Cattle

Cross-programme observations

There are overlaps in terms of target beneficiaries across the interventions.
Poor coordination mechanism — the interventions are scattered across different agencies with no clear frameworks on monitoring and measuring success.
Low uptake. This is due to lack of clear communication strategy and awareness programs.
Low recoveries across the programs, which does not support the revolving and growth of the funds.
Unfavourable terms and conditions: the requirements (collateral) and access processes are prohibiting for the target beneficiaries.
Exclusion of Tier IV institutions who serve most Ugandans.
The write-off process of government funds is cumbersome.

Cross-programme recommendations

NPA (on request by TMM) is undertaking a study on the impact of all wealth creation funds, given limited information on the impact of the interventions.
Since Covid-19 is gone, SBRF should be transformed into "Small Enterprises Transformation Facility" to support SMEs.
There is need for a national-wide sensitization framework to foster uptake.
Review the eligibility criteria of the ACF and allow Tier-IV institutions (including licensed SACCOs) among the accredited PFIs to access ACF and improve uptake.
Effective delivery channels and periodic outcome assessment must be undertaken for PDM, EMYOOGA, INVITE and GROW.
The balances and outstanding recoveries of SBRF, YLP, YVCF and UWEP should be consolidated and implemented directly by Government banks on pre-defined terms.
Engage the Hon. Attorney General to review the legal procedures under PFMA regarding the write-off process of non-performing loans involving government contributions.