Summary:
- President Museveni reaffirmed his enduring relationship with ghetto communities, recalling his early interactions with grassroots youth in Katwe dating back to 1968.
KAMPALA: President Yoweri Kaguta Museveni on Wednesday fulfilled his financial commitment to ghetto Savings and Credit Cooperative Organizations (SACCOs) in Kampala City, providing a significant boost to youth-led economic initiatives.
The government’s support aims to empower ghetto communities by enabling young people to engage in productive economic activities through SACCOs.
Key beneficiaries include Kawempe Kikankane Bamwoyo Gwagwanga and Development Cooperative Society Ltd, which received Shs1.3 billion, Katanga Young People Cooperative Society with Shs500 million, KCCA Councillors Economic Agenda SACCO with Shs500 million, and Nakulabye Jambo Associates Cooperative Society Ltd, also receiving Shs500 million.
Speaking at State House in Entebbe, President Museveni reaffirmed his enduring relationship with ghetto communities, recalling his early interactions with grassroots youth in Katwe dating back to 1968.
Maj. Emmanuel Kuteesa, the coordinator of the ghetto youth initiative, emphasized that the revolving funds will empower young people by supporting small businesses, fostering sustainability, and steering them away from crime and drug abuse.
The meeting was also attended by State House Comptroller, Ms. Jane Barekye.
