Why Financial Literacy Matters

In December 2014, Joshua got his first car, a Toyota Premio in the UAK series. It was in excellent condition. He loved it because he had saved for a year to acquire it at Shs 6 million.

However, months later, his colleagues started to tease him about his ‘old car.’ When one of his friends successfully ordered for a car from Japan, Joshua got excited. He identified a newer model Premio on the internet. Quickly, he got a buyer for his old car and wired the money. That was at the end of May 2015.

Poor mechanisation hindering agricultural transfromation in uganda

Dr. kazuhiko explainig how a rice thresher works

Poor agricultural mechanization is one of the biggest hindrances to transforming Uganda’s agriculture from subsistence agriculture to commercial agriculture, Dr. Godfrey Asea, the Director of National Crops Resources Research Institute (NaCRRI) has said.

Dr. Asea who recently speaking at NaCRRI during a demonstration of agricultural machinery for small scale farmers that have been manufactured in Uganda said 99.4% of small scale farmers in Uganda use traditional, rudimentary and obsolete technologies in agriculture, a major contributor to low farm output.

Earning a living from fixing bicycles for 34 years

High rates of unemployment and famine in 1990s in the eastern part of Uganda forced Hussein shift from farming to fixing bicycles for a living at a young age. The 65 year old still operates bicycles and is now a famous bicycle engineer in Iganga town,

“When I got done with Arabic certificate at the age of 15 I had no hope of going for further studies so I had to find ways of surviving. During that time most people were jobless and cotton which was major cash crop by then had lost value”, says Hussein.