Newslex Point News in Uganda, Uganda news
Capital Chicken Limited, a contract farming company dealing in broilers with farming packages for individuals who want to accumulate their income has denied fleecing its Ugandan clients.
News via different social media outlets have been reporting that the company located along Kanjokya street in Kamwokya closed down. The rumors also claim they ran away with their clients’ savings and businesses.
The company denies these reports of disappearing and instead revealed that it had been closed down by a Capital Markets Authority (CMA). This is however temporary.
CMA order came two weeks ago and their accounts were subsequently closed by the FIA. Without these accounts, they can’t therefore operate anything thus shutting down for now. The company further called upon its partners to be calm as they try to navigate this situation.
Additionally, they also said that if these agencies wanted to streamline their operations, there was no need to create this turbulence.
In conclusion, the company said that all their clients’ contracts are protected. Therefore, there is no need to worry or panic. They are now looking forward to rising again and resuming operations.
Read part of their public notice below;
“RE: CAPITAL CHICKEN OPERATIONS.
Our attention has been drawn to various social media platform messages indicating that we have closed and disappeared with our Farmers Money.”
“We have been forced to temporarily close following a Capital Markets Authority News Release discrediting us about two weeks ago. And the subsequent freeze of our Accounts by the FIA that has made it impossible for us to run normal operations.”
“All our client contracts are protected, we ask all our farming partners to stay calm as we look forward to resume operations.
Like a Phoenix, Capital Chicken shall rise, again. For God And Our Country,” the company’s statement read
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
