Kyeyo money reduces poverty

Thursday, 11th October, 2007

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By Andrew Ssenyonga

and Suleiman Matovu



PRIVATE inflows from abroad, kyeyo money, greatly reduce poverty across the nation, a Makerere University Business School (MUBS) official has said.



“Remittances raise per capita income and have reduced the poverty ratio in many developing countries,” acting principal James Akampumuza said at pre-CHOGM conference recently.



“The evidence is that kyeyo money has reduced the share of poor people in their population by 11%.”



“For instance, people on kyeyo send money for school fees, buy land, houses and other property, which improves earnings of the Government,” Akampumuza said.



“A 10% increase in the share of kyeyo to the gross domestic product in Uganda would lead to a 1.6% decline in the number of people living in poverty.”

Official statistics show that Commonwealth countries’ migrant remittances exceeded $167b (sh292,250b) in 2005.



Akampumuza added that the remittances are a significant source of external funding for developing Commonwealth countries.



Prof. Timothy Shaw of the University of India said on top of physical investments, kyeyo money could help finance education and health, which are key variables in promoting economic growth.

“The recipient households tend to spend more money on health care and sending children to good schools,” he added.

Nze sijja kuganna nti research jebakoze nffu, kuba manyi zenkola zonna zigwela wabuyayu eli munkollaa. Kalle mubutuffu tuli bakozzi ela bandibadde bakyamu if they had not recognised and appreciated our job.

Mbalamusiza nnyo abalungi banange mwena.Akasaana kabayiisa katya mwena gyemuli eyo?Nafe tuli eno kookya nga bwe tuweleeza egya baandi.Olwaleero nange nesowoddeyo mbeko nekyenjogera ku nsonga y'okutuyiita abakubi be "Kyeeyo".Ensonga eno etuute ebanga nga ensuza bubi nnyo.

Ate nga bw'otunuliira abatuyita ba kyeeyo people bayimiliddewo ku lwaffe.Kwegamba "fe tukuuba ekyeyo netubawereeza bu sente babeeko kebatuterawo eka, gamba nga ennyumba" Kiki kyebakoola?Kutandiika kwekyangira ku ntuyo zaffe.Eyali asibira empale mu kiwato nga olwo agisibila mu kifuba,anti brother we oba sister awe akanamba aweleeza.Natelabira ntuyo za mugandawe ali ku diaspora nga nokulangira kwatadde."Abo bali ku kyeeyo".

Kakanti nze nali ndowooza at least batuyite ABASENZE kuba abasinga twasenga ku diaspora naye eKyadondo ye waffe.Oba batuyite ba ZINUNULA, anti ffe tubanunula nga bali ku kisenge.

munange nze nkuwagira nyo , abantu baffe mukiffo kyokutuwagira batuba bubbi.

faridah wrote:

QUOTE:
munange nze nkuwagira nyo , abantu baffe mukiffo kyokutuwagira batuba bubbi.

Faridah tukwaniliza ku forum munaffe.Naye owaaye kambuze,nawe okyalinayo abantu bo e Kyadondo?Nze bulijjo ndowoza bagwayo kuba ntela kuwulila nga otumila bali mu diaspora bokka.(jokes) Tukusanyukidde nyoo ku forum Faridah.