Here’s a shocking truth: millions of dollars meant to empower young entrepreneurs in Kampala are at risk of being misused, and the consequences could be devastating. But here’s where it gets controversial—while the funds are intended to kickstart income-generating projects for skilled youth, there’s growing concern that some leaders of SACCOs (Savings and Credit Cooperative Organizations) might not have their best interests at heart. Kampala Resident City Commissioner Umalu Lule Mawuya has issued a stern warning to these leaders, emphasizing that mismanaging the Presidential Initiative on Skilling the Girl and Boy Child funds will not be tolerated. In a recent meeting with youth from Kampala’s five divisions, Lule was crystal clear: ‘These funds are not a slush fund. Anyone caught diverting them will face legal action.’ And this is the part most people miss—Lule has already discussed plans with President Museveni to increase funding post-elections, but this hinges on responsible management now.
The stakes are high, and the youth are watching closely. A staggering shs50 million has been promised to each SACCO, and the funds are already reflecting in accounts across Kawempe, Central, Nakawa, and Makindye divisions. Dr. Mirembe Faith Katana, the initiative’s head, confirmed the release but stressed, ‘We had to ensure beneficiaries were trained to manage this money responsibly before handing it over.’ This pause, while necessary, has left some youth anxious but hopeful. Here’s the kicker—while the government’s intent to empower youth through skills and start-up capital is commendable, the success of this initiative rests on transparency and accountability. James Nambiro, the President’s Private Secretary for Education and Skilling, reinforced this by stating, ‘The President’s vision is to equip youth with both skills and capital, but it’s up to us to ensure it’s used wisely.’*
The youth themselves are grateful, with many expressing thanks to President Museveni for this opportunity. But the question remains: Can we trust SACCO leaders to uphold this trust? What do you think? Is this initiative a game-changer for youth empowerment, or are there systemic risks that need addressing? Share your thoughts in the comments—let’s spark a conversation that could shape the future of Uganda’s young entrepreneurs.
