HomeNewsNationalMuseveni Pledges To Support Ugandan Living In UAE With 100,000$ Through Sacco

Museveni Pledges To Support Ugandan Living In UAE With 100,000$ Through Sacco

Published on


President Museveni yesterday pledged to support Ugandans living and working in United Arab Emirates with 100,000$ through Sacco level under their umbrella AUU such that members can save and borrow at a lowest interest rate.

President Museveni who had gone to attend the 2020 Dubai Trade Expo over the weekend made these remarks while discussing with the executive leaders of Uganda living and working in the United Arab Emirates
The expo that will run up to March, 31, 2022 was officially opened on October1 2021 in Dubai.

The meeting that was attended by the third deputy Prime Minister Rukia Nakadama, presided by group chairperson Nsubuga Abdulbasit took place on Sunday 3rd/10/2021 at St. Regis Hotel in Abu Dhabi, United Arab Emirates.

Speaking to the leaders of the association, the president told AUU members that government is ready to support them financially by putting money in their SACCO where members can save and borrow at a lowest interest rate.

“We shall assist you with funds. I will put 100,000 dollars in your SACCO so that you may borrow and start small business here. We shall also put 50,000 dollars in your association,” Museveni said.

The president also advised these leaders to invite Ugandans living in the UAE to register with the association at a fee, which will enable them run the activities of the association.

Nsubuga Abdulbasit thanked President Museveni for the visit on behalf of the association members.
“Thank you for this wonderful meeting. You squeezed us in your busy schedule to meet you and we are very grateful,” Nsubuga said.

Meanwhile Mathias Mpuuga who is the leader of opposition has advised President Museveni to learn vital lessons from United Arab Emirates (UAE) especially how it has been able to develop its economy tremendously.

Mpuuga made the remarks after President Museveni graced the 2020 Dubai Trade Expo and tried to lure investors.
Mpuuga said other countries like UAE are busy projecting how their economy will be in the next few years to come but “Museveni and his group are busy engaging citizens into discussing family succession; whether it is Muhoozi or Museveni’s in-law to takeover…”

“Seeing how Museveni and his ministers are mesmerised at how the UAE turned a desert into an opportunity and transformed it into a powerful economy that it is today, I was left wondering whether besides touring Expo 2020 Dubai they are picking any lessons,” he stated.

Uganda is one of the nations which have many of her citizens working in United Arab Emirates who are over 60,000 pushed by poor payment methods and luck of jobs at their motherland.

Latest articles

At least 182 Perish in a Stampede after A football match in Indonesia

Over 182 have been confirmed dead while hundreds more are injured after a stampede...

Tajja Ggasima: Bobi Wine dares Museveni drill Uganda’s Oil

National Unity Platform president Robert Kyagulanyi Ssentamu popularly known as Bobi Wine has vowed...

StarTimes, FUFA to Broadcast up to 28.5% of UPL Games in 2022/2023 season

Federation of Ugandan Football Association -FUFA has reached a partnership agreement with StarTimes Uganda...

Burkina Faso: Army Take Over the Country in a Second Coup After Eight Months

Army personnel in Burkina Faso have taken over state television and announced that they have deposed military chief Paul-Henri Damiba, suspended the government and the constitution, and overthrown the transitional charter. Damiba was fired due to his incapacity to handle a worsening Islamist insurgency, according to a statement delivered on national television late on Friday by Captain Ibrahim Traore. He said that all political and civil society activities had been suspended and that the borders had been closed indefinitely. For the west African state, it is the second coup in eight months....

More like this

‘‘Why IMF Approved Loan Facility o Uganda Minus Parliamentary Knowledge?’’, Opposition Leader,Mpuuga Questions.

Mathias Mpuuga who is the leader of opposition yesterday questioned the International Monetary Fund...

Museveni Blames Opposition MPs Over Parliamentary Boycott

President Museveni on Friday blamed opposition MPs over storming out of parliament following the...

Greater Masaka Army Veterans Request Guns To Reinforce Security In The Area

Greater Masaka army veterans have requested guns from the government to reinforce security teams...
error: Content is protected !!