Minister Kyambadde rallies youth on using commercial banks to save
Minister Amelia Kyambadde poses for a photo with participants after attending an entrepreneurship and job creation awareness training on November 1, 2019. PHOTO BY SADAT MBOGO
What you need to know:
- The participants received Shs9 millions as start-up capital and Minister Kyambadde assured them of getting market for their products. She, however, emphasized quality assurance as the only way to penetrate both local and international markets.
The Minister of Trade, Industry and Cooperatives, Ms Amelia Kyambadde, has advised the youth in the country to embrace a saving discipline for better investment management and business development.
"Take our commercial banks seriously because they're a good foundation for credit services that would be used to build-up and boost our businesses in the meantime as we're waiting for more support from other sources," Ms Kyambadde said.
She made the remarks while closing the three-day entrepreneurship and job creation awareness training organised by Twezimbe Development Foundation (TDF) in partnership with Management Training and Advisory Center (MTAC) at Mpigi District Headquarters. The training was attended by over 20 youth groups with each group containing at least 30 people.
"Without savings, investment is impossible. You at times ignore these commercial banks because of interests but you should also put it in mind that there are many opportunities in banks - save well, they give you loans, go and invest the money in our so-called small businesses and at the end of the day, you will see that small business developing bigger and better to eradicate the disease called poverty," Ms Kyambadde said.
The participants were equipped with skills on personal awareness, business opportunity identification, saving culture, customer handling, records keeping and making of; soap, charcoal briquettes, pavers, shampoo, vaseline and juice, at a free cost.
The training was aimed at skilling those clusters (SMEs) with business knowledge to help them manage their businesses for sustainability and targeted youth and women from Mawokota North. The arrangement started with Mpigi Town Council and it will roll out to other sub-counties in immediate future targeting the same categories of people.
Minister Kyambadde, also the Member of Parliament for Mawokota North County advised people to always be creative, add value to their products and monitor cleanliness at work.
“If you are to become economically empowered, learn to differentiate between politics and development. Involving politics in businesses is one of the biggest challenges Uganda is facing and we end up making losses. Please help us to develop industrialization," she advised.
Ms Rosemary Byabasaija, Mpigi District Resident Commissioner (RDC) commended Minister Kyambadde for her efforts to ensure that the training she facilitated occurred on time.
The participants received Shs9 millions as start-up capital and Minister Kyambadde assured them of getting market for their products. She, however, emphasized quality assurance as the only way to penetrate both local and international markets.
