Editorial
President Yoweri Kaguta Museveni on Sunday handed over Shs 10.2 billion to Bodaboda SACCOs in Kampala Metropolitan Area to enable motorcyclists in Kampala, Mukono and Wakiso acquire low-cost motorcycles and stop exploitation by money lenders.
The President’s donation will reach over 400,000 Bodaboda riders in the 102 Bodaboda SACCOs across the three districts in Kampala Metropolitan Area, with each SACCO receiving Shs100 million.
Handing over the funds at Kololo Independence Grounds, President Museveni directed the leadership of the SACCOs to ensure that their members acquire motorcycles at their current market price of Shs 5 million with interest not exceeding 6% per annum as an inflation control measure.
