logo
Uganda: President Museveni Calls for Establishment of an Egg Processing Factory

Uganda: President Museveni Calls for Establishment of an Egg Processing Factory

Zawya13-02-2025

President Yoweri Kaguta Museveni has said that the government will establish a processing factory to add value to eggs in order to strengthen the economy, improve nutrition and food security.
According to the President, the volume of eggs is increasing yet the market is not enough, and instead of selling them raw, which are often consumed locally, processing them in the form of powder and liquid will fetch higher prices locally and internationally.
'We need to establish factories to process these eggs into products such as baby foods and nutritional foods to feed the elderly and the sick for the whole country and also for export,' he said.
The President made the remarks on Wednesday, February 12, 2025, while visiting Ms. Akampurira Evas, a poultry farmer and beneficiary of the Parish Development Model (PDM) in Bubare trading center, Bubare sub county in Rubanda county east, Rubanda district.
President Museveni, who is in the Kigezi sub region on the assessment tour of the PDM and wealth creation programs, said whether boiled, scrambled, or mixed with chapati, commonly known as Rolex, cannot be exported, but once properly processed and packed, it can even attract international markets, like is the case with the dairy industry.
'My people in Nyabushozi started milking a lot of milk—5.3 billion liters per year, yet Ugandans can only consume 800 million liters. What we did was process the milk into different forms and pack it, and now we are exporting to countries like Nigeria, Algeria, and the rest. This is what we want to do with the eggs and the pigs,' he explained.
Speaking to the residents, the President reminded the Kigezi people that the only medicine to poverty is intensive agriculture by using their small portions of land but going for products with high returns under the 4 acre model and the recommended seven activities, which include one acre for coffee, another acre for fruits (mangoes, oranges, and pineapples), another one for food crops for the family (cassava, bananas, Irish potatoes, or millet), and the last one for pasture for dairy cattle (about 8 of them). On top of this, one can add on poultry for eggs in the backyard, piggery and fish farming.
'This is what we have been preaching since 1996, but the people don't care,' the President noted, adding that the government has been introducing support programs starting with Entandikwa, the Plan for Modernization of Agriculture (PMA), the National Agricultural Advisory Services (NAADS), and Operation Wealth Creation (OWC), but people did not pay attention, thus failing to get out poverty.
'We started hearing complaints that our soldiers under OWC are mismanaging the OWC program by extending support to their relatives. We now introduced the PDM and said, Let's send you the money directly through your parish saccos by giving you shs. 100 million each year. I want to thank you for using this money very well to get out of poverty. Please continue,' President Museveni stated.
He also urged that demanding roads, electricity, and hospitals may not necessarily solve their household income problems, saying that the government can provide tarmac roads, extend electricity, schools, and hospitals, among other infrastructure, but it cannot create wealth for every household.
'Whenever you return home, you will find poverty waiting and warmly welcome you back. So, please, seek first household incomes, and the rest will be added unto you,' the President said.
On her part, Ms. Akampurira welcomed President Museveni to her home and expressed gratitude for the PDM program, which she said has changed her life.
'I heard the president in 2022 when he was launching the PDM to get Ugandans out of poverty. I also said I want to benefit from this money. I started preparing myself by constructing a poultry house,' she narrated.
In September 2023, Ms. Akampurira received shs. 1 million, which later became shs. 990,000 after deduction of bank charge of shs. 10,000. She later spent shs. 375,000 and bought 50 young birds of chicken each at shs. 7500. She used the balance to buy chicken feed and drinking materials.
'After 3 months, I sold each at shs.35,000 and got shs. 750,000 as profits. I later bought 100 layer chicks at shs.3500 each, and in 5 months I started collecting eggs,' Akampulira said, adding that after selling off the grown-up layers, she counted shs. 7,950,000 million as profits. She later added on piggery and sells each pig at shs. 800,000.
'This PDM has really worked for me because I'm selling chicken, eggs, and chicken manure, and I'm now able to pay school fees for my children, some of whom had sat home. Those who got money for the PDM and know what to do must now be rich,' she informed the President.
The Minister of State for Finance, Planning, and Economic Development (General Duties), Hon. Henry Ariganyira Musasizi, informed President Museveni that over shs. 14 billion has been distributed to the SACCOs in 70 parishes of Rubanda.
Hon. Musasizi, who is also a Member of Parliament for Rubanda East constituency, said the commissioned Mirama-Kabale high-voltage power line will facilitate industrialization in the region. He also engaged President Museveni on the identification of potential investors who can establish an iron ore factory in the region.
The ceremony was also attended by the Vice President, H.E Jessica Alupo, Ministers, Members of Parliament, officials from the PDM Secretariat, and district leaders.
While in Kigezi, the President will visit several PDM beneficiaries, hold a live media interaction, and address public rallies in the sub-region.
Distributed by APO Group on behalf of State House Uganda.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Greater Luwero Roadside Market Vendors Tipped on Household Income as President Museveni Offers Them More Financial Support
Greater Luwero Roadside Market Vendors Tipped on Household Income as President Museveni Offers Them More Financial Support

Zawya

time30-05-2025

  • Zawya

Greater Luwero Roadside Market Vendors Tipped on Household Income as President Museveni Offers Them More Financial Support

For the last three years, President Museveni through State House has been offering support to various roadside market vendors along major Highways like Gulu, Hoima and Mityana roads to boost their household incomes. The 928 vendors who benefited from this latest business booster package were drawn from Kakooge Daily Market in Nakasongola, Kiyenje Daily Market and Balikyewunya Market (both in Luwero). The vendors who received Shs100,000 each, generally ply their trade in agricultural produce, roasted chicken and muchomo as well as beverages. The package was delivered by State House officials led by the Senior Presidential Advisor-Elderly, Princess Pauline Nassolo and Private Secretary to H.E the President, Ms. Flora Kabibi. Princess Nassolo revealed that President Museveni extended the financial support to the vendors with an aim of improving their household incomes. 'Mzee wants you to work and improve your livelihoods that's why he always empowers you economically,' she said. 'The last time we came here, you told us that some of you have never benefited from the Parish Development Model or Emyooga programs so H.E the President decided to offer you this support of Shs100,000 to each one of you as you wait to benefit from other government programs.' Princess Nassolo also cautioned the vendors against unconstructive politicking, advising them that they should instead focus on fighting poverty through stabilizing their homestead incomes. 'When time for politics comes, go and vote then come back to your workstations and always support someone who supports you. I'm very sure Mzee has played his part, now it's your time to reciprocate,' she added. Additionally, Princess Nassolo urged the parents to take good care of their children and groom them to be responsible citizens of Uganda. 'Our country is facing a lot of challenges when it comes to morality. Advise your children against immorality and criminality. We want to have morally uplift citizens of Uganda.' In a special way, the Senior Presidential Advisor appreciated the youth of Greater Luwero for listening to President Museveni's message of wealth creation. 'Thank you for joining the money economy. Mzee is proud of you.' On her part, Ms. Kabibi called upon the vendors to appreciate President Museveni for being a visionary leader who cares for the wellbeing of all Ugandans. 'Because he cares, that's why he sends this financial support to you to grow your businesses,' she stated. 'Although the package is small, please utilise it well. H.E the President will send you more support,' she assured. The Resident District Commissioner (RDC) of Luwero District, Mr. Richard Bwabye Ntulume asked the vendors to utilise the financial support from the President well. He said the package is meant to empower them economically and that they should vote for the President again in 2026 for more development. On the other hand, the vendors expressed gratitude to President Museveni for offering additional capital to their enterprises. The Chairperson of Kakooge Daily Market, Ms. Sofia Namusisi hailed President Museveni for always extending a helping hand to ordinary Ugandans. 'He has done us good. Some of us even received PDM and again he has offered us more support. All I can say is that our people are so happy. Long live President Museveni,' she said. 'Your Excellency, thank you also for sending a trustworthy and transparent team, the package has been well received.' Ms. Namusisi further disclosed that she was going to use the money to add capital into her business. On the other hand, she requested President Museveni to set up a modern market for them, saying that the current one is in a poor state. Ms. Betty Nazziwa, 75, a vendor at Kakooge Daily Market also thanked the President for the financial support. 'Thank you, President Museveni, for helping a poor woman like me. I'm going to use this money to grow my business so that I can properly look after my family,' she said. Another vendor at Kakooge Daily Market, Mr. Joseph Kato Tebandeke also expressed gratitude to the President for helping ordinary Ugandans like him to improve their household incomes. 'This support from President Museveni is going to boost my matooke business,' Mr. Kato said. Mr. Muhammad Ssonko, the Chairperson of Kakooge Chapati Operators Association thanked President Museveni for the various programs meant to help Ugandans fight poverty. 'As youths, we are now able to make money and look after our families because of President Museveni's support. We are with him, and we shall support him again come 2026 general elections,' he noted. Furthermore, Ms. Juliet Nababi, the Chairperson of Kiyenje Daily Market prayed for the good health of President Museveni so that he can continue leading and developing Uganda. 'We thank you, Your Excellency, for supporting us, especially women. This market is generally occupied by women, and we are your ardent supporters.' Another vendor in Kiyenje Daily Market, Ms. Nabukenya Madinah called on fellow youths to desist from being idle and work towards improving their welfare. 'We are lucky that President Museveni supports us by giving us financial support. We should utilise this chance to create wealth.' Mr. Nsimbe Livingstone, the Secretary of Kiyenje Daily Market said, 'We are grateful to President Museveni for the support. We are going to utilise this money to grow our businesses.' At Balikyewunya Market, Mr. Mark Ssesazi said President Museveni has always supported the vendors of Luwero and that it was the second time he was sending support to vendors of Balikyewunya. Ms. Asiat Nankinga who first received President Museveni's financial support in March 2023, said she used the money to add capital in her matooke business. 'Even today I have received the money from our President and I'm so grateful. This money is playing a vital role in helping us to develop, we are now able to look after our families. Thank you, President Museveni.' The LC1 Chairperson of Binyonyi Village in Luwero West, Luwero Town Council, Mr. Kabaale Joseph Ssentongo on behalf of leaders in Luwero thanked President Museveni for supporting their people economically. He said the financial package is a very big empowerment tool to vendors and it will go a long way in helping them grow their businesses. 'When our people get such money, they don't need money from lenders who often give out loans with very high interest rates.'

Should you buy a Dh100,000 handbag as an investment?
Should you buy a Dh100,000 handbag as an investment?

Khaleej Times

time23-05-2025

  • Khaleej Times

Should you buy a Dh100,000 handbag as an investment?

Could buying that really expensive watch or handbag or limited-edition pair of sneakers actually be a smart investment? Many people seem to think so. Spending Dh150,000 on a Rolex Day-Date, or Dh100,000 on an exclusive Hermes Birkin handbag might seem extravagant – but what if that watch or handbag goes up in value the longer you hold onto it? That would make it a smart investment, right? Many luxury goods appreciate in value over time as they become sought-after collector's items. The trick is choosing the right ones. When it comes to investing in luxury goods, watches are a tried-and-tested route. Premium brands like Rolex and Universal Geneve have been some of the best performers in this sector. You can look for either new product releases you think will become collector's items or buy vintage watches that have already risen in value, but with the potential to go higher. Renowned brands like Rolex, Patek Philippe, and Audemars Piguet are particularly notable for their timepieces that not only retain but often appreciate over time. Vintage watch expert Eric Wind, owner of Wind Vintage, says: 'Focus on condition rather than rarity as great watches in good condition are hard to find, are easier to sell, and are more likely to appreciate'. Most modern luxury watches are down significantly from their peak in early 2022. 'However, Rolex is pretty stable overall and sort of like the S&P 500 — not likely to skyrocket suddenly, but very liquid and solid in terms of values'. Some of the most obscure and exotic vintage brands like Universal Geneve, which is in the process of restarting, have appreciated more than anything else. 'Certain independent watchmakers are treated like living artists,' Wind said. He advised investors to cut through the hype and noise that you experience in any luxury goods market to find what is truly valuable and uncommon. 'There are a lot of Frankenstein and fake watches on the marketplace, so it is important to buy from a trusted seller who is known and trusted in the marketplace.' B ag it The luxury handbag market is a thriving segment of the consumer goods industry, driven by the desire for highend fashion and the growing working women population seeking financial freedom, according to Technavio. There is a lot more research now on luxury handbags, an alternative investment that has only become popular in recent years. Rebag's Clair Report found that the Hermès Sellier Birkin bag was 2024's standout investment piece, boasting a remarkable 250 per cent value retention, the highest gain of the year. It surpassed the second-place Hermès Kelly Mini II at 150 per cent value retention. Knight Frank's annual wealth report looks across the collectibles sectors, including art and vintage cars, and found that handbags were the bestperforming luxury good last year. According to Sebastian Duthy of Art Market Research, 'The ultimate classic handbag, the Hermès Birkin in black Togo leather, is now more valuable than ever when sold on the secondary market.' Iconic pieces from brands such as Hermès, Chanel, and Louis Vuitton are not only fashion statements but also appreciating assets. But the Hermès Birkin collection has cornered the market in terms of exclusivity and capital appreciation. For example, a rare Himalayan diamond Birkin bag sold at auction for over $380,000 (Dh1.3 million), highlighting how valuable top-end handbags have become. For those wanting to become handbag investors, experts advise to choose timeless styles. This means opting for classic designs in neutral colours, which tend to retain value better than trendy pieces. While there is an obvious temptation to show off your new handbag, you need to maintain its condition, including its original packaging and authenticity cards, to maximise its resale value. People are now adding popular Labubu characters to luxury handbags to give them a playful, personalised twist. Sneaker heads Much like handbags, sneakers have seen an explosion in popularity as a collector's item and alternative investment. The sneaker resale market has experienced significant growth, with projections estimating it will reach $30 billion by 2030. This surge is driven by factors such as limited releases and brand collaborations which is driving demand. Platforms like StockX and GOAT have fuelled this growth by providing marketplaces where rare sneakers can be bought and sold, sometimes at prices multiple times their original retail value. While Nike and adidas have dominated this space, new players like Hoka, Salomon, On Running and Asics are seeing more interest. Drew Haines, director of merchandising for sneakers and collectibles at StockX, says: "We're seeing a much broader landscape. Sneakerheads are no longer fixated on just two or three traditional brands. Now, they're considering 10 to 20 different brands as collectible." Ali Khalifeh is the Managing Partner at Youbetterfly in Dubai Mall, which sells exclusive sneakers. 'We still see opportunities and a lot of demand on some hype items, especially if it's a collaboration with a hot artist like Travis Scott,' he says. Shoes, accessories, collectibles and the street-wear industry are all booming and in hot demand. Brands like Nike and adidas have realised that you can't simply increase your supply and expect people to buy your products. 'People want that exclusivity, that limited drop, and this year they are changing their direction again,' says Khalifeh. The most recent brand/artist collaboration saw Nike partner with rapper Travis Scott and Barcelona FC, while adidas teamed up with Bad Bunny this year for a ballet-inspired twist. Kim Kardashian, who has her own sportswear brand, is working on a NikeSKIMS range. One of the complaints sneakerheads often have is that limited-edition shoes are hard to buy as computer bots game the queues and buy up all the supply. Brands have been trying to tackle this with their own software and limiting the number of products per account. So, what can you do to make sure you secure a pair of must-have exclusive shoes? Youbetterfly's Khalifeh says: 'We have a solid network of individuals and suppliers from within the community who have been with us since day one. The beauty about the resale business is the hustle and the grind and the human connections, as your deals don't happen with brands or distributors, your trades happen with individuals and that's a win-win for everyone.' Technology and online communities have revolutionised how sneakers are bought and sold. StockX's Haines spoke about Discord's "cook groups" which have become crucial information networks, where enthusiasts share drop details, potential profitable releases, and strategies for securing rare items. Like handbags and watches, being in perfect condition is crucial, or 'deadstock' as sneakerheads like to say. Travis Scott has collaborated extensively with Nike and the Jordan Brand, resulting in over 30 unique sneaker releases across various models and colourways. This collaboration has resulted in some of the highest prices – a pair of Travis Scott x Air Jordan 1 High OG 'Mocha' launched in 2019 now sell for more than $3,000. Whether you are buying rare sneakers, luxury handbags or expensive watches, authentication remains a critical challenge. Platforms like StockX are investing heavily in verification processes to combat increasingly sophisticated counterfeit operations.

President of Uganda receives Abdullah bin Zayed
President of Uganda receives Abdullah bin Zayed

Emirates 24/7

time08-05-2025

  • Emirates 24/7

President of Uganda receives Abdullah bin Zayed

Yoweri Museveni, President of the Republic of Uganda, received H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, in the presence of Jeje Odong, Uganda's Minister of Foreign Affairs, at the beginning of Sheikh Abdullah's working visit to Uganda. During the meeting, H.H. Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, to the Ugandan President, along with their wishes for development and prosperity for the Republic of Uganda and its people. For his part, President Museveni extended his greetings to His Highness Sheikh Mohamed bin Zayed, His Highness Sheikh Mohammed bin Rashid and His Highness Sheikh Mansour bin Zayed, and his wishes for further progress and prosperity for the UAE. The Ugandan President welcomed the visit of H.H. Sheikh Abdullah bin Zayed and the accompanying delegation. During the meeting, they discussed bilateral relations and ways to enhance cooperation, particularly in the economic, commercial, investment and energy sectors. H.H. Sheikh Abdullah expressed his pride in visiting Uganda and meeting President Museveni, emphasising the strength of the UAE's distinguished relations with Uganda, which offer promising opportunities and growth potential across key sectors that support both countries' development agendas and sustainable economic goals. His Highness also emphasised the UAE's commitment to advancing sustainable development partnerships with friendly African countries in a manner that fosters mutual benefit and prosperity. Following the meeting, Sheikh Abdullah and the Ugandan President witnessed the signing of six Memoranda of Understanding (MoUs) between the two countries. The first MoU, on investment cooperation, was signed by Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and Matia Kasaija, Ugandan Minister of Finance. The second MoU, between the Anwar Gargash Diplomatic Academy and the Ministry of Foreign Affairs of Uganda, was signed by Sheikh Shakhboot bin Nahyan and the Ugandan Minister of Foreign Affairs. The third MoU - between the UAE Ministry of Energy and Infrastructure and the Government of Uganda, represented by the Ministry of Energy and Mineral Development, on cooperation in the field of energy - was signed by Sheikh Shakhboot bin Nahyan Al Nahyan, and Ruth Nankabirwa, Ugandan Minister of Energy and Mineral Development. The fourth MoU, on mutual exemption from entry visa requirements, was signed by Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and Major General Kahinda Otafiire, Ugandan Minister of Internal Affairs. The fifth MoU, between Etihad Rail and the Government of Uganda, was signed by Shadi Malak, CEO of Etihad Rail, and General Katumba Wamala, Ugandan Minister of Works and Transport. The sixth MoU was signed between the National Information Technology Authority - Uganda (NITA-U) and the Emirati company Presight, which specialises in big data analysis and artificial intelligence. It covers cooperation in digital transformation, cybersecurity innovation, e-governance systems and the development of cloud infrastructure. The agreement was signed by Muhammad Shameen Hosenbocus, Vice President of Africa Markets at Presight, and Dr. Hatwib Mugasa, Executive Director of NITA-Uganda. The meeting was attended by Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, Saeed Mubarak Al Hajeri, Assistant Minister of Foreign Affairs for Economic and Trade Affairs, and Abdullah Hassan Obaid Al Shamsi, UAE Ambassador to Uganda. Follow Emirates 24|7 on Google News.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store