Museveni Gives Ghetto Youth Shs 100M in Capital to Support Businesses

Several ghetto youths in Kamwokya have reveived financial support worth Shs 100 million from President Yoweri Museveni with the aim of boosting their small businesses and redeem themselves from poverty.

The President was represented by the Government Deputy Spokesperson, Col Shaban Bantariza at a function that was held at Passover Harvest Church in Kamwokya, Nakawa Division in Kampala.

A total of 6 groups with over 1000 members including women and youth were given Shs 100 million that is to be deposited on their SAACO accounts.

These groups include; Kamwokya Twezimbe, Kamwokya Washing bay group, Kamwokya Taxi drivers and Conductors Associations, Kamwokya Youth Development Association, Kamwokya Youth Boda boda Association among others.

It has been noted that the groups were recently formed following a zones’ meeting that was held weeks ago.

The youth through their leaders have appreciated government for finally coming to their aid and promised to use the money to boost their small businesses.

While delivering the package, Bantariza noted that the President has choosen to embark on such a campaign to enrich the ordinary Ugandans and help them boost their way of living.

“Many people have been arguing that why doesn’t the President give out money through available institutions but he is aware of the government bureacracy involved which delays people from benefiting,” Bantariza said.

The President has realised that people find difficulty in raising start up capital; the money that we have delivered today will be put in their SAACOs so that members can borrow it to put back in their small business so that they can grow.”

However, a number of youth complained that the groups that were formed were unfamiliar to the locals.

“We want government to work with us the youth leaders in the area, they should stop dealing with people that we don’t even know of in our area,” noted one of the youth leaders.