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The President said that these people should look at the type of businesses they are doing. He added that they should see if it brings in or sucks out of the economy.
He went ahead to say that it’s the problem he had with KACITA which runs traders in Kampala. These were more bent on importing goods with some not even worthy importation.
“If you want the country to grow, you need to look at what business you are doing. Does it bring in or does it suck out? That is the problem I used to have with KACITA. Their business was importing. They even reached the extent of importing wigs. Minimize and eliminate importing!” President Museveni said.
Mr Museveni made the comments while launching the Presidential CEO forum (PFC) at State House Entebbe yesterday.
Further in his address, Gen Museveni called upon the business community to adopt import substitution and export promotion methods.
This will also help the country realize tangible economic progress.
For a long time now, President Museveni has been encouraging the local community to manufacture local produce. It was from this that the President even banned the importation of some merchandise from abroad.
He also went ahead to commission the assembling manufacturing company Metu Zhongtong Bus Company. He further went ahead to say that Uganda now has the capacity to produce its own buses for local use.
Traders and local investors however have always expressed the different frustrations they are meted out with.
Check Also;
- Bobi Wine Labels President Museveni An Agent Of Imperialism
- RENT WARS IN KAMPALA: Court Fines KACITA UGX200 Million
- Arcade Traders Who Came To Forcefully Reopen Shops Blocked By Police
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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)
