In 2007, Cabinet approved the National Vision Statement,
“A Transformed Ugandan Society from a Peasant to a Modern and Prosperous Country within 30 years”

The National Planning Authority in consultation with other government institutions and other stakeholders developed a Uganda Vision 2040 to operationalize this Vision statement and it was launched on 18th April 2013.

Uganda Vision 2040 builds on the progress that has been made in addressing the strategic bottlenecks that have constrained Uganda’s socio-economic development since her independence, including; ideological disorientation, weak private sector, underdeveloped human resources, inadequate infrastructure, small market, lack of industrialization, underdeveloped services sector, under-development of agriculture, and poor democracy, among others.

It is conceptualized around strengthening the fundamentals of the economy to harness the abundant opportunities around the country. The opportunities include; oil and gas, tour-ism, minerals, ICT business, abundant labour force, geographical location and trade, water resources, industrialization, and agriculture.

Chapter 354 of Uganda's Vision 2040 states 'The private sector shall contribute to the financing of the Vision through... remittances from the diaspora'.