• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • POLITICS
  • Science
  • World
  • Lifestyle
  • Tech
President Museveni calls for uplifting Ugandans out of subsistence production

President Museveni calls for uplifting Ugandans out of subsistence production

August 9, 2019
UNEB Registration Hits 1.4 Million Candidates in First Phase, Up 7.31% from Last Year

UNEB Registration Hits 1.4 Million Candidates in First Phase, Up 7.31% from Last Year

July 3, 2025
5 UPDF Soldiers killed in a Helicopter crash in Mogadishu, Somalia

5 UPDF Soldiers killed in a Helicopter crash in Mogadishu, Somalia

July 2, 2025
CSOs urge Gov’t to Prioritize Health and Well-being of Citizens

CSOs urge Gov’t to Prioritize Health and Well-being of Citizens

July 2, 2025
If Muhoozi has an Issue with me, let’s Meet Face to Face -Hon Tinkasimire Narrates his Kidnap ordeal

If Muhoozi has an Issue with me, let’s Meet Face to Face -Hon Tinkasimire Narrates his Kidnap ordeal

July 1, 2025
Uganda Aids Commission announces Breakthrough Research on injection offering 100% HIV Prevention

Uganda Aids Commission announces Breakthrough Research on injection offering 100% HIV Prevention

June 29, 2025
Faridah Kibowa roots for Women’s Voice in NRM topmost Organ -CEC

Faridah Kibowa roots for Women’s Voice in NRM topmost Organ -CEC

June 29, 2025
Restrictive Laws & Political influence throwing Uganda’s Media sector Into Vulnerability -ACME Report

Restrictive Laws & Political influence throwing Uganda’s Media sector Into Vulnerability -ACME Report

June 27, 2025
Ministry of Works Announces Eviction of Car Dealers from Kampala-Jinja Highway Reserve

Ministry of Works Announces Eviction of Car Dealers from Kampala-Jinja Highway Reserve

June 26, 2025
High Court Orders Release of Lawyer Kiiza Eron’s Passport

High Court Orders Release of Lawyer Kiiza Eron’s Passport

June 25, 2025
Kawempe North By-Election Results still within the gazette deadline -Electoral Commission

EC announces Nomination Dates for Youth, Elderly and PWD leaders at Parish level

June 25, 2025
President Yoweri Museveni Condemns US use of force in Israel-Iran Conflict

President Yoweri Museveni Condemns US use of force in Israel-Iran Conflict

June 24, 2025
SHAME: School teacher handed 4 year Prison Sentence for attempting to Sodomize his student

SHAME: School teacher handed 4 year Prison Sentence for attempting to Sodomize his student

June 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 3, 2025
  • Login
Sabasaba Updates
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Science
    • World
    CSOs urge Gov’t to Prioritize Health and Well-being of Citizens

    CSOs urge Gov’t to Prioritize Health and Well-being of Citizens

    If Muhoozi has an Issue with me, let’s Meet Face to Face -Hon Tinkasimire Narrates his Kidnap ordeal

    If Muhoozi has an Issue with me, let’s Meet Face to Face -Hon Tinkasimire Narrates his Kidnap ordeal

    Uganda Aids Commission announces Breakthrough Research on injection offering 100% HIV Prevention

    Uganda Aids Commission announces Breakthrough Research on injection offering 100% HIV Prevention

    SHAME: School teacher handed 4 year Prison Sentence for attempting to Sodomize his student

    SHAME: School teacher handed 4 year Prison Sentence for attempting to Sodomize his student

    My brother was not Murdered – Spire Ssentongo rules out foul play in his brother’s death

    My brother was not Murdered – Spire Ssentongo rules out foul play in his brother’s death

    UN’s Antonio Guterres calls for a Ceasefire in Middle East as Israel-Iran conflict escalates

    UN’s Antonio Guterres calls for a Ceasefire in Middle East as Israel-Iran conflict escalates

    Ntungamo: 3 Detained for killing an old woman, Hanging her body in front of the House

    Ntungamo: 3 Detained for killing an old woman, Hanging her body in front of the House

    Government announces One Month Suspension for Controversial Traffic Penalty System

    Government announces One Month Suspension for Controversial Traffic Penalty System

    President Museveni and the First Lady Renew Their National ID Cards

    President Museveni and the First Lady Renew Their National ID Cards

    Chaos: Besigye Supporters, Security Operatives exchange Punches in Court: VIDEO

    Uganda’s Judiciary Condemns Violence at Nakawa Chief Magistrates Court

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music

    Miss Uganda finalist Sureya Umeimah confidently eying the prize: PICTORIAL

    Sureya Umeimah: the Cadet Pilot contesting for Miss Uganda 2024

    Top Ugandan Artistes in tears after being denied UK Visas to London

    New campaign wants you to raise funds for abuse victims by ditching the razor

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    “Hon Gwangamujje” a Youthful leader Bragging about Chasing Mbwa from Igara West

    “Hon Gwangamujje” a Youthful leader Bragging about Chasing Mbwa from Igara West

    Train Services Between Kampala and Mukono Temporarily Suspended Due to Track Failure

    Train Services Between Kampala and Mukono Temporarily Suspended Due to Track Failure

    Banished from Home, Rejected by Family, Serujja still stands for his Rights

    Banished from Home, Rejected by Family, Serujja still stands for his Rights

    OpED: The Staple that Threatens the Future: Unraveling Uganda’s Environmental Reckoning

    The Shameful face of Self-Serving Philanthropy: Exploiting the Vulnerable for Fame and Fortune

    Mukono’s Ghetto Children Celebrate Christmas early in a Rare ‘Feast of Hope’

    Mukono’s Ghetto Children Celebrate Christmas early in a Rare ‘Feast of Hope’

    The Last Piece of the Jigsaw: Dr. Moses Byaruhanga’s remarkable Career in Pursuing Justice

    Sureya Umeimah: the Cadet Pilot contesting for Miss Uganda 2024

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
Sabasaba Updates
No Result
View All Result
Home LATEST-NEWS

President Museveni calls for uplifting Ugandans out of subsistence production

by Apollo Tusiime
August 9, 2019
in LATEST-NEWS, POLITICS
0
President Museveni calls for uplifting Ugandans out of subsistence production

President Yoweri Museveni

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

President Yoweri Museveni has appealed to all people and organisations working to promote trade and investment in Uganda to put more efforts towards uplifting the 68% of Uganda’s population who are still living the subsistence way of life so that they join money economy.

He said that failure to do that would tantamount to all the country’s efforts towards promotion of trade, investment and industrialization, not yielding meaningful results.

The President made the remarks this afternoon while closing the two-day West Nile Investment Symposium 2019 at Muni University in Arua City in West Nile Sub-Region.

 The symposium that run under the theme ‘Transformation of Africa’s Upper Nile Valley through Pan African Peace Building and Holistic Development’ was organised by the Department of Operation Wealth Creation (OWC) in partnership with the Uganda Investment Authority and Muni University, among others.

President Museveni said that to meaningfully promote trade, investment and industrial growth in Uganda, there is need to work to bring the majority 68% of the country’s population who are in subsistence farming into commercial farming and be part of the modern capital economy.
He added that this big fraction of the population are very important and if they join the money market they will be consumers who will not only boost the market but also equally be producers who will produce the much needed raw materials to sustain the industries.

“We can’t talk of attracting investment and industrialisation when the majority of Ugandans are still living in pre-capitalist economy and merely work for food. Even if you attract investors, if the country’s purchasing power is low, the factories will collapse because of lack of market,” he said.
“The United States of America has a purchasing power of 19 trillion US dollars with a population of 316 million people while the whole of Africa with 1.2 billion people has a purchasing power of 2.5 trillion dollars because the majority of Africans live a subsistence way of life and are never involved in the cash economy,” he explained.

“Getting the 68% of Ugandans into the money economy is crucial for us as a country but more so as leaders because leading people who have no money in a modern era, is criminal and a great betrayal to our people,” the President said.

Mr. Museveni also expressed happiness that the West Nile Investment Symposium had put the need for market integration high on the agenda noting that integration was important because investors are always attracted by bigger market.
He said that to attract investment, Uganda must ensure that goods in the country are produced cheaply and are of the high quality. He added that to do that, the country must address the cost of transport, electricity and the interest rates on money. He equally noted that high taxes hinder investment adding that in case of Uganda most of the taxes are on consumption and luxuries and not on production.

Turning to health matters, he used the occasion to warn the people against shaking hands well knowing that the Ebola virus is still in the neighbouring Democratic Republic of Congo.
The 1st Deputy Prime Minister and Leader of Government Business in Parliament, Gen. Moses Ali, commended the organisers of the symposium for enabling the world to understand the economic potential of the West Nile Region. He said that the region suffered due to political conflicts in that area and said that with the peace brought in by the Movement Government, the region had got a chance to develop. He asked the people of West Nile to jealously safeguard the peace and never allow themselves to return to the turbulent past.

State Minister for Northern Uganda, Hon. Kwiyucwiny Grace, said the symposium has helped to re-brand West Nile and Northern Uganda as a whole as well as marketing it to the world. She prayed that the region moves to reap a lot from the symposium. She also hailed the government PRDP programme that she noted had greatly uplifted the lives of the people of Northern Uganda especially in the sectors of Education, Health, infrastructure development and poverty eradication.

ReplyForward
Share196Tweet123
Apollo Tusiime

Apollo Tusiime

Multi-media Journalist, PR professional and Thinker.

Sabasaba Updates

Copyright © 2024 Sabasaba Updates.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!
No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2024 Sabasaba Updates.