Museveni advises on investment
Jul 20, 2005
PRESIDENT Yoweri Museveni has said Ugandans have remained in a vicious cycle of poverty because they lack knowledge on investment.<br>“What is lacking here is not money but the knowledge to make it.
By Abubaker Mukose
PRESIDENT Yoweri Museveni has said Ugandans have remained in a vicious cycle of poverty because they lack knowledge on investment.
“What is lacking here is not money but the knowledge to make it. Madhvani came to Uganda as a servant but because he had the knowledge to invest, he amassed wealth and is now employing thousands of Ugandans. Where else do you think he gets the money other than from this country? This is an area in which as leaders, we have to assist our people,†Museveni said.
He was on Monday addressing a rally at Kamuli Boma grounds soon after launching the first e-school at Bugulumbya secondary school. Uganda is the first beneficiary of the New Partnership for Africa’s Development’s (NEPAD) e-school initiative.
Museveni, who earlier said the e-school initiative was to provide African schools with easier access to information and technology, appealed to Ugandans to desist from traditional agricultural practices if they were to get more income from the sector.
“You should engage in profitable income-generating activities but at the same time check on your expenditure. Our people don’t know income and expenditure,†he said.
Ends
PRESIDENT Yoweri Museveni has said Ugandans have remained in a vicious cycle of poverty because they lack knowledge on investment.
“What is lacking here is not money but the knowledge to make it. Madhvani came to Uganda as a servant but because he had the knowledge to invest, he amassed wealth and is now employing thousands of Ugandans. Where else do you think he gets the money other than from this country? This is an area in which as leaders, we have to assist our people,†Museveni said.
He was on Monday addressing a rally at Kamuli Boma grounds soon after launching the first e-school at Bugulumbya secondary school. Uganda is the first beneficiary of the New Partnership for Africa’s Development’s (NEPAD) e-school initiative.
Museveni, who earlier said the e-school initiative was to provide African schools with easier access to information and technology, appealed to Ugandans to desist from traditional agricultural practices if they were to get more income from the sector.
“You should engage in profitable income-generating activities but at the same time check on your expenditure. Our people don’t know income and expenditure,†he said.
Ends