NEWS

Cash-strapped NRM appeals to city tycoons for support

President Yoweri Museveni (centre) with Moses Balyeku (left) and Igeme Nabeta.

NRM party chairman Yoweri Museveni has appealed to Kwagalana Group, an association of tycoons in Uganda, to contribute to the party as it seeks to raise funds for elections in the newly-created districts.

In an April 29 letter to the chairman Kwagalana Group, Mr Godfrey Kirumira, President Museveni thanks the tycoons for their past support to the party but says the latter is currently faced with several upcoming elections in the newly created districts such as Rubanda and Rukiga, which require funding, and says their financial support is much needed.

“All this needs money. We need to also build up funds for future elections. Therefore, your contribution to this cause is much needed,” the President’s letter reads in part.

The letter also provides account details where the money can be deposited. The account is in Housing Finance, Kololo Branch in the names of Masindi 20th of February. The account number is 1100039293 for local currency and 1100069362 for foreign currency.

CITY Tycoon Godfrey Kirumira and Sudhir Ruperalia (FILE PHOTO)

The Kwagalana group was set up in early 2002 and has had several prominent members like the Late Andrew Kassaga aka Zzimwe and now boasts of other genuine ones like the just rated East Africa’s Richest man, Sudir Ruparelia, Bulaimu Kibirige aKa BMK, Guster Lule aka Ntake among others.

One of their top missions was to bring together the registered affluent class members with a view of having a solid organization that would maintain their status by contributing huge sums of money during ceremonies like the introduction of their children, weddings, graduations.

NRM-O Secretary General Kasule Lumumba (COURTESY PHOTO)

The group is famous for being the brains behind the revolution of both funeral and burial arrangements which have now been turned into a kind of celebration of the life that one had lived rather than just grieving. The average net worth of each member is about $15m (Shs30b).

The group members, notably Sudhir Ruparelia, Drake Lubega, and Godfrey Kirumira have in the past donated towards the President’s election campaigns.

The ruling party has been hit by a cash crisis. Recently, the party sacked 421 staff working at its headquarters for lack of funds.

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