Back
Ugandans Urged to Save at ‘Emyooga’ Launch In Entebbe
Jul 11, 2020
State Minister for Microfinance, Haruna Kyeyune Kasolo has urged Ugandans to embrace the culture of saving if they are to get out Poverty
Hon Kasolo noted that despite government investing in many programs like the Youth and Women Fund, Operation Wealth Creation, NAADS and others, Ugandans are still living in poverty mainly because they have poor saving culture.
“Ugandans are known for spending recklessly on things that they don’t even need and always blaming the government for their poverty. Government of Uganda has created the most conducive environment for business in the whole of East Africa but the only way Ugandans will get out poverty is if they learn to spend sparingly and save more,” he said.
This was at the launch of the Emyooga Presidential initiative on wealth and job creation in Entebbe Municipality.
Government through the office of the Presidential initiative has put aside Shs 165.7b to be given to 18 informal groups in clustered sectors including elected leaders, carpenters, wielders, women entrepreneurs, BodaBoda riders, Taxi Drivers, Salon Owners, PWDs, Produce Dealers, Journalists, Hotel owners, market vendors, fishermen, Veterans and Performing Artists.
Each of the 18 Saccos in every constituency will get shs30 million to make it Shs 540 million; but the president directed that the Sacco for elected leaders should be given shs50 million to make it shs560 million for each constituency.
0Shares
0Comments
0Favorites
0Likes
Say something to impress...
Loading...
Comments
Hot

No content at this moment.

Relevant people
Chimp Reports‎
3336 Followers
Top News, Pictures, Videos From Uganda
Related