By Olivia Nabaggala
5th Feb 2019
The State minister of Microfinance, Haruna Kyeyune Kasolo has appealed to Ugandans to respect the factors of production if they are start up business.
Kasolo noted that one of the main causes of poverty in Uganda is the lack of saving culture and lack of credit or collateral to borrow funds for investment.
He had paid a courtesy visit at Bulange Mengo on a special invitation by the Buganda Minister for Youths, Sports and Recreation, Henry Ssekabembe Kiberu to forge away forward on how to improve the Buganda Sacco dubbed Essuubi lyo zambogo Sacco limited,
The Executive Director for Buganda Sacco Denis Kaggwa revealed that the Sacco that started in 2012 currently has a total number of over 6,200 members who have contributed Ugx1.19bn.
The Minister for Youth, Sports and Recreation Henry Ssekabembe Kiberu says that the main aim of the engagement is to set up a strategic partnership with the central government on how to help Buganda kingdom in empowering people to get out of poverty.