Experts push financial literacy to power Uganda growth
Financial knowledge serves as the foundation for economic stability in Uganda rather than access to money alone. Daniel Ayebare from the Financial Literacy Association said citizens need skills to save and invest wisely, even when the economy faces problems. The Rotary Club of Bulindo started a program on Thursday, Oct. 17, 2025, to teach communities how to handle finances better.
Eighty-one percent of adults have access to financial services, but only 20 percent feel confident about reaching long-term money goals. Most Ugandans still use cash for transactions and 70 percent spend more than they earn. Statistics show 83 percent of savers have less than 10 million shillings and only 5 percent gain independence after retirement.
Percy Lubega from Rotary Club Bulindo said the training will help people avoid fraud and protect their investments. The program will work across multiple communities to build discipline with spending and saving habits. Godfrey Martin Kitakule launched the effort to create economically empowered citizens who participate in governance.
