What to do with one million shillings - Patrick Bitature

I was asked what to do with a saving of one million Ugandan shillings. It’s good to know that there are young people who have understood the importance of the saving culture and the significance of investing. Saving is important to plan for success in the future. You cannot invest if you have not saved. When you have one million Ugandan shillings, there are many things you can consider to get a return. You could save where you’ll earn interest, or invest in a business with high turnover and profit, like food, because everyone needs food.

Access to finance for small and medium enterprises to allow more SMEs in Uganda to source growth capital locally for infrastructure investments (Local Finance Initiative).

With a programmatic portfolio in Uganda of over US$10 million and growing, UNCDF is confidently looking into the future; planning to double its portfolio in the next two years. Some next generation initiatives include: the use of technology to improve the visibility and efficiency of public and private financial flows across key sectors such as agriculture, energy, water, education, and transport; and improving the resilience of local governments and communities disproportionately affected by conflict, climate change and the influx of refugees into Uganda.