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Mbabazi: I Have Enough Money for 2016 Campaigns
36 <http://chimpreports.com/>14 <http://chimpreports.com/>0
<http://chimpreports.com/>0 <http://chimpreports.com/>
0
[image: Amama Mbabazi emerging from his Kololo residence to speak to the
delegation from Mbarara recently]
Amama Mbabazi emerging from his Kololo residence to speak to the delegation
from Mbarara recently
By: Sam Waswa
- Jul 4,2015
- 1125 Viewed
- 1 Comment
<http://chimpreports.com/mbabazi-i-have-enough-money-for-2016-campaigns/#disqus_thread>
Former Prime Minister Amama Mbabazi has assured that his campaign team has
enough financial resources to run his entire 2016 presidential
election campaign
without shortage, Chimp Corps report.
Mbabazi, who maintained that he was 100 percent certain about emerging as
the NRM's 2016 presidential election flag-bearer "if there is transparency"
in the internal electoral processes, also revealed that he is not a poor
man.
"I can tell you that we are absolutely ready to fund the campaign to the
maximum," said Mbabazi on Saturday afternoon while appearing on Capital
Gang show at Capital Radio.
[image: Header advertisement] <http://www.total.ug/>
This followed a query from Beti Kamya on Mbabazi's sources of funding for
the 2016 campaigns.
This is the first time Mbabazi is speaking out on funding his campaign,
which sources say, is estimated in millions of dollars.
Capital Fm panelists had earlier asked Mbabazi to shed light on claims that
he has been making trips to China to mobilise funds and that he bought many
cars to facilitate his campaign agents.
They further observed that Mbabazi is keeping sacks of money at his Kololo
residence in Kampala.
"It is true that I am not poor. Both mentally and physically," said Mbabazi.
"All the money I have, I can account for it," he added.
"When Beti was in parliament, we were earning only one million shillings;
now it's more than Shs25m. But it's a fact I am not wealthy."
He further pointed out that, "The allegations that I have two rooms full of
dollars and pounds are not correct. Obviously false."
Observers say if Mbabazi stands for president, he is likely to give
President Museveni a run for his money.
Unlike previously when Museveni has battled a poorly-funded and
malnourished opposition, he must expect stiff resistance from Mbabazi.
The Ugandan economy usually gets battered by heavy spending of presidential
candidates duringelection campaigns, causing severe inflation.
During the last election, Uganda witnessed a sharp rise in inflation with a
maximum of 17.9 in October 2011.
Uganda recorded the second highest level of inflation in the region hitting
30.5 percent during the same period.
Such an increase in inflation has negative implications for the countries
at large and particularly for the poor.
Given that the majority of the population lives in rural areas, the
consequences can be enormous including eroding the standard of living of
the population.
*Regards*
*Jesse *
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36 <http://chimpreports.com/>14 <http://chimpreports.com/>0
<http://chimpreports.com/>0 <http://chimpreports.com/>
0
[image: Amama Mbabazi emerging from his Kololo residence to speak to the
delegation from Mbarara recently]
Amama Mbabazi emerging from his Kololo residence to speak to the delegation
from Mbarara recently
By: Sam Waswa
- Jul 4,2015
- 1125 Viewed
- 1 Comment
<http://chimpreports.com/mbabazi-i-have-enough-money-for-2016-campaigns/#disqus_thread>
Former Prime Minister Amama Mbabazi has assured that his campaign team has
enough financial resources to run his entire 2016 presidential
election campaign
without shortage, Chimp Corps report.
Mbabazi, who maintained that he was 100 percent certain about emerging as
the NRM's 2016 presidential election flag-bearer "if there is transparency"
in the internal electoral processes, also revealed that he is not a poor
man.
"I can tell you that we are absolutely ready to fund the campaign to the
maximum," said Mbabazi on Saturday afternoon while appearing on Capital
Gang show at Capital Radio.
[image: Header advertisement] <http://www.total.ug/>
This followed a query from Beti Kamya on Mbabazi's sources of funding for
the 2016 campaigns.
This is the first time Mbabazi is speaking out on funding his campaign,
which sources say, is estimated in millions of dollars.
Capital Fm panelists had earlier asked Mbabazi to shed light on claims that
he has been making trips to China to mobilise funds and that he bought many
cars to facilitate his campaign agents.
They further observed that Mbabazi is keeping sacks of money at his Kololo
residence in Kampala.
"It is true that I am not poor. Both mentally and physically," said Mbabazi.
"All the money I have, I can account for it," he added.
"When Beti was in parliament, we were earning only one million shillings;
now it's more than Shs25m. But it's a fact I am not wealthy."
He further pointed out that, "The allegations that I have two rooms full of
dollars and pounds are not correct. Obviously false."
Observers say if Mbabazi stands for president, he is likely to give
President Museveni a run for his money.
Unlike previously when Museveni has battled a poorly-funded and
malnourished opposition, he must expect stiff resistance from Mbabazi.
The Ugandan economy usually gets battered by heavy spending of presidential
candidates duringelection campaigns, causing severe inflation.
During the last election, Uganda witnessed a sharp rise in inflation with a
maximum of 17.9 in October 2011.
Uganda recorded the second highest level of inflation in the region hitting
30.5 percent during the same period.
Such an increase in inflation has negative implications for the countries
at large and particularly for the poor.
Given that the majority of the population lives in rural areas, the
consequences can be enormous including eroding the standard of living of
the population.
*Regards*
*Jesse *
--
--
You received this message because you are subscribed to the Google
Groups "UPCPost" group.
To post to this group, send email to upcpost@googlegroups.com
To unsubscribe from this group, send email to
upcpost+unsubscribe@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/upcpost?hl=en?hl=en
You can also meet us at our website www.upcpost.com or "The Nile
Radio", or visit the Uganda Peoples Congress Official website at
www.upcparty.net
---
You received this message because you are subscribed to the Google
Groups "UPCPost; Friends of Uganda House.." group.
To unsubscribe from this group and stop receiving emails from it, send
an email to upcpost+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com or Abbey Semuwemba at: abbeysemuwemba@gmail.com.
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