In total, there is 16 trillion Shillings in the bank accounts in 2019 with about 8.2 trillion Shillings held on-demand deposit accounts where Ugandans can just walk in the bank and withdraw at any time. According to the Bank of Uganda’s annual report 2019, banks are able to lend out much of this money.
The Police Exodus Cooperative Savings and Credit Society, with a share capital of 20 billion Shillings has been marred with controversies in recent months. During the time, members were not able to access or withdrawal their savings, arousing controversy on its management and panic among its members, composed of Uganda Police personnel and their families
Anthony Kawuki, a graduate of Economics from Makerere University says they intend to set up marketing outlets around Kampala to drive their sales. Currently, they are only producing ladies’ handbags on orders which can be as high as 500 pieces.
The industry has suffered setbacks in the development of the different harbour, piers and landing sites that in turn lives private investors unable to open routes to several destinations across water bodies in the country.
On Twitter, the Rwanda Presidency said Sunday night “President Kagame held a positive meeting with Ambassador Adonia Ayebare, President Museveni's Special Envoy, who travelled to Kigali with a message regarding the two countries' relationship”.