Byarugaba says the Fund no longer has the kind of liquidity it had before the Mid-term Access that allows beneficiaries access their savings before retirement age. He says the suppliers and contractors are the ones who can have a solution to bring the costs of the final product lower.
Tibbs Orikiriza the SACCOs manager at UMRA, says at the moment, the authority has so far licensed only 67 SACCOs all over the country, yet there are thousands of them in operation, adding that the fund is to only benefit members of those that are licensed.
The budget will be financed with funds from Envujjo, Busuulu and Kanzu (24.7 billion Shillings), debt payment from the Central Gocernment ( 5 billion), student payments (18.14 billion), development partners (29.12 billion), Sports (4.43 billion), Communication Stations (28.4 billion), Tourism (870 million), Cooperatives (32.51 billion) and others.
Three robbers armed with an AK47 raided the supermarket on Friday evening where they shot a cashier identified as Irene Nakandi in the back and took off with an unspecified amount of money.
Joseph Abura, the Bishop of the Anglican Karamoja Diocese attributes the high rates of domestic violence and crimes to overdrinking. He says that many parents have abandoned their families and resorted to drinking.
