And it's cattle that forms part of how he wants the East African country to grow as it recovers from the global health crisis.
He says he wants to expand the meat, dairy and leather trade and add value to other agricultural exports such as coffee.
"We don't import milk, we don't import beef. We have now built a leather industry for the shoes. So, it's really a big form of wealth."
The East African nation, which imposed some of the continent's toughest lockdown restrictions, began lifting measures - including opening schools - at the start of the year.
But now international programs designed to offer relief to indebted countries are starting to expire.
That's also against the backdrop of several years of reduced Chinese lending to the continent.
"Uganda can do much better without borrowing, in my opinion."
Museveni - who has been widely accused by opposition critics and rights campaigners of using security forces to suppress opposition to his rule - says Uganda want to reduce its borrowing.
Total public debt was $19.5 billion by June 2021 - up 27.4% from $15.3 billion a year before. Around $12.4 billion of that is external debt.
"I do not think it is good Christianity, or even good economics to impoverish your customer."
Museveni reiterated that he would like richer nations to cancel debts from African countries who are economically recovering.
"By canceling this debt to these people, that money will be spent here, the money we are paying them now, and once the Ugandans have money in their pocket, they will buy more products. Some of the products are from those countries."
Museveni said the economy has been growing by roughly 4% - and that's without areas like tourism amid the health crisis.
He said now that elements like transport and hotels are opening up, he expects the economy will resume "fast growth".
