The NDP III identifies the private sector as the engine of growth. The NDP III further observes that Uganda’s private sector is weak and uncompetitive to drive growth and achieve its potential.

The key areas of weaknesses include the high cost of doing business; limited management capacities and limited institutional organisation; a weak supporting environment; and weak enforcement of standards and proliferation of counterfeits in the markets.

As such, the NDP III underscores the importance of strengthening the private sector capacity to drive growth and create jobs and subsequently, sustainably achieve its goal of increasing the average household incomes and 
improving the quality of life of Ugandans