By Francis Emorut
Civil servants have been advised to save and invest in private enterprise if they are to manage life after retirement. The Enterprise Uganda boss, Charles Ocici, discouraged the public officers from borrowing money for consumption.
“Ability to save and invest in private enterprise as opposed to borrowing money for consumption is a key determinant of your personal financial success,” Ocici said.
“For any person to have a successful career, you need skills to manage personal finance.”
Ocici was addressing ministry of local government staff during a recent retreat at the National Leadership Institute, Kyankwanzi.
He asked the civil servants to think beyond their salaries and start businesses, saying civil servants can run private enterprises, provided they balance their time well.
He urged the officers to prepare for life after retirement, saying as one gets older, bills increase and yet they do not have the strength to look for money.
“No matter how long it takes, every employed person will one time be out of work,” he said.