Kaijuka pointed out that in many places where they have established housing estates, they have had to fix sewage, built lagoons and roads which should be a responsibility of National Water and Sewerage Corporation, and the government.
The government announced more than 1 trillion Shillings in stimulus cash in addition to other fiscal measures like tax waivers and suspensions to the private sector in June 2020. It also directed commercial banks to suspend demand for loan repayments by the private sector in a raft of measures aimed at cushioning them against the effects of COVID-19.
The UN Capital Development Fund in Uganda offered 1 million dollars to kick-start the fundraising, while Stanbic Bank Uganda has set aside 5 million dollars towards the initiative.
Patrick Mweheire, the Stanbic Bank Chief Executive Officer says transforming each of the current Small and Medium Enterprises into job creation entities will propel the engine for economic growth of the country forward with an annual 200,000 new jobs for graduates leaving the various universities.
