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Home»Breaking news»“APPLY FOR LOANS WHEN YOU ARE READY TO INVEST RESPONSIBLY,”STATE HOUSE COMPTROLLER TIPS
Breaking news

“APPLY FOR LOANS WHEN YOU ARE READY TO INVEST RESPONSIBLY,”STATE HOUSE COMPTROLLER TIPS

felix@elixnews.co.ugBy felix@elixnews.co.ugOctober 20, 2025Updated:March 24, 2026No Comments5 Mins Read
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The State House on Sunday 19th October 2025 continued to train the Presidential Industrial Skilling Hub SACCO leaders on the proper management of funds.

Recently, President Yoweri Kaguta Museveni supported SACCOs under the Presidential Industrial Skilling Hubs with Shs8.8 billion,in order to empower the skilling hub beneficiaries with start-upcapital. Each SACCO received Shs50 million.

Ministry of Trade, Industry and Cooperatives (MTIC) Assistant Registrar of Cooperatives Joseph Lutalo gives a lecture during the Training of District Industrial Hub Chairpersons, RDC, Commercial officer, PWDs representatives, SACCO chairperson leaders representatives, SACCO leaders from Regional President Industrial hubs of West Nile, Zombo, Lango and Acholi on the Management of the SACCO funds from President Yoweri Kaguta Museveni at Acholi Zonal Industrial hub Gulu City on 19th October 2025. Photo by PPU/Tony Rujuta.

The training session was held at Acholi Presidential Industrial Skilling Hub in Gulu city. It brought together SACCO members and leaders, commercial officers and district leaders from Acholi, West Nile and Lango sub-regions.

During the training, the State House Comptroller, Ms. Jane Barekye emphasized proper management of funds.

“If the funds are well utilised, President Museveni has promised to add more money in your SACCOs,” she emphasised.

Ms. Barekye also urged SACCO leaders to be hardworking and remain disciplined so that the President’s support benefits all members fairly.

SACCO leaders from Regional President Industrial hubs attending the Training of District Industrial Hub Chairpersons, RDC, Commercial officer, PWDs representatives, SACCO chairperson leaders representatives, SACCO leaders from Regional President Industrial hubs of West Nile, Zombo, Lango and Acholi on the Management of the SACCO funds from President Yoweri Kaguta Museveni at Acholi Zonal Industrial hub Gulu City on 19th October 2025. Photo by PPU/Tony Rujuta.

She further called on parents of the beneficiaries to guide them on how to use the money properly by focusing on productive work.

“My advice to the parents is that you encourage these children to use the money to enhance their skills. They shouldn’t divert the money to other unproductive things,” she said.

Ms. Barekye advised the beneficiaries to apply for the loans only when they feel that they are ready to invest responsibly, saying preparation and planning is key to running a successful business.

“First, have a plan for what you want to use the money for, don’t just get it. With no plan, this money will not do what it’s intended for,” she warned.

The Director of Industrial Hubs and Presidential Projects at State House Eng. Raymond Kamugisha giving a lecture during the Training of District Industrial Hub Chairpersons, RDC, Commercial officer, PWDs representatives, SACCO chairperson leaders representatives, SACCO leaders from Regional President Industrial hubs of West Nile, Zombo, Lango and Acholi on the Management of the SACCO funds from President Yoweri Kaguta Museveni at Acholi Zonal Industrial hub Gulu City on 19th October 2025. Photo by PPU/Tony Rujuta.

Eng. Raymond Kamugisha, the Director of Presidential Projects and Industrial Hubs, encouraged the trainees to always work in unison, explaining that this will help them to develop easily.

“We shall start to get bigger loans if you work together and have big projects,” he said.

“You should share responsibility and keep in touch with each other so that we can easily follow up with you and if you get any challenges, always inform us,” he advised.

In his concluding remarks, Eng. Kamugisha appealed to the Commercial Officers to give an opportunity to the beneficiaries so that they can register companies to get tenders from the local government.

The training facilitators, Mr. Joseph Lutalo from the Ministry of Trade, Industry and Cooperatives and Mr. Abdallah Aziz Apat from Post Bank appealed to the trainees to always keep in touch and share ideas that could help their enterprises to thrive.

Jacqueline Ayubu, a former student of the Acholi Presidential Industrial Skilling Hub revealed that she now owns a shoe making business and earns a profit of Shs50,000 daily.

“Before, I was dealing in agricultural produce having dropped out of school and I was earning Shs5000 per day. I later heard of Acholi Skilling hub through a friend, and I applied. I did a course in shoe making that has changed my life,” she said.

“I want to take this opportunity to thank President Museveni for this initiative because if it wasn’t him, I wouldn’t be here. I also

thank H.E the President for the Shs50 million support to our SACCO.”

Onek Peter, another beneficiary of the skilling initiative, undertook a course in welding and metal fabrication at the Acholi Presidential Industrial Skilling Hub.

He now owns a workshop at Layibi centre earning Shs500,000 a month and also trains other youth.

“I want to thank President Museveni for this initiative and for the skills I gained from here. I dropped out of school because my

parents could not afford school fees but because of this hub, I now work and train other youth in welding,” he said.

Another impactful story was heard from Mwaka Emmanuel Edgar, a former trainee in tailoring at the Acholi Presidential Industrial skilling hub. He now owns a workshop in Kitgum town with two employees, paying Shs150,000 monthly each and he is able to save Shs600,000 monthly.

“I want to thank President Museveni for this opportunity. It helped me to acquire skills and I’m now earning good money.”

The training is part of a nationwide effort to equip SACCO members and leaders with financial management skills and ensure the sustainability of the government empowerment program.

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