Bank of Uganda advises: Savings are very helpful in addressing unexpected or unforeseen problems such as illness, accidents, unemployment, robbery, drought, funerals, too much rain that destroys crops etc. In such situations, your savings can help you as you recover. Make sure that you keep money for emergencies. If you ever have to use part of your emergency fund, top it up again as soon as you can.
New Poll! Important. Did you know? In September 2018, a new federation of countries was established, called "East African Federation" or EAF. Tanzania, Kenya, Uganda, South Sudan, Rwanda and Burundi joined together in an attempt to build an economical federation similar to the one of the USA. Could this be the key to end poverty in East Africa?