President Yoweri Museveni has advised and encouraged small-scale entrepreneurs in the country to consider working more in textile and shoe making industries because those products have marketlocally, regionally and internationally. <\/p>\n\n\n\n
The President was yesterday speaking during celebrations marking milestones and achievements of the Touching Lives Initiative (TLI) group to mark the organization\u2019s launching of its operations.The occasion took place yesterday evening at the Independence ceremonial grounds in Kololo, Kampala.<\/p>\n\n\n\n
\u201cSome of the things that I have seen in the exhibition stalls fall under industrialization. When you consider doing something, you have to see if it has ready market here in Uganda, in East Africa and the whole world. If you make products that have ready market, your business will not fail. You hear that I am a cattle keeper and I will remain so because there is always ready market for my cattle. I would like you to also learn textiles because everybody wears clothes,\u201d he said.<\/p>\n\n\n\n
Touching Lives Initiative is a foundation that was birthed by Ms. Fiona Barungi and its purpose is to empower vulnerable women and youth in the slums of the City of Kampala socially and economically so that they are enabled to become role models and agents of change for their families and local communities. <\/p>\n\n\n\n
The foundation came up with a project of \u2018Raising Women and Youths\u2019 that gives soft loans on very low interest rates to women and youths to begin small businesses.<\/p>\n\n\n\n
The President, who was chief guest at the celebrations, emphasized the need for small-scale entrepreneurs to focus on internal distribution of products as it helps to grow the economy. <\/p>\n\n\n\n
He reiterated that there was need for import substitution and export promotion in order to further boost Uganda\u2019s economy.<\/p>\n\n\n\n
\u201cI would also like you to start\ntanning the hides from Uganda as opposed to buying expensive leather from other\ncountries. If you reach a level of export promotion where you export quality\nproducts, you will have gone far,\u201d he emphasized.<\/p>\n\n\n\n
Mr. Museveni contributed Shs.500 million to\nthe foundation and thanked its Executive Director, Ms. Fiona Barungi, for\nhaving taken the initiative to personally help Ugandans get out of the poverty\ncycle. He promised to avail more funds to the foundation if they utilized the\nmoney well.<\/p>\n\n\n\n
In her remarks, Ms. Fiona Barungithanked President Museveni for his parental and revolutionary spirit by comingto support and to celebrate with them. <\/p>\n\n\n\n
She expressed the hope that the empowered women would become engines of advancement in their society by teaching other show to increase household income and curb poverty.<\/p>\n\n\n\n
The Chairman of the Board of Directors of the foundation, Mr. Kakunda Aggrey, hailed the President for the sound national economic policies that have enabled the foundation to develop its members and for his constant message of encouraging people to increase their household income. <\/p>\n\n\n\n
He also informed the President that the foundation\u2019s current economic cadres stand at 1200. <\/p>\n","protected":false},"excerpt":{"rendered":"
President Yoweri Museveni has advised and encouraged small-scale entrepreneurs in the country to consider working more in textile and shoe making industries because those products have marketlocally, regionally and internationally. The President was yesterday speaking during celebrations marking milestones and achievements of the Touching Lives Initiative (TLI) group to mark the organization\u2019s launching of its […]<\/p>\n","protected":false},"author":27983,"featured_media":5754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[98],"tags":[31],"class_list":["post-6947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"yoast_head":"\n