KF-Economic Development Support Programs
Uganda’s Economy was highly plunged by the post independence political turmoil until 1987 when successful economic recovery programs were implemented to reverse the poor economic performance. These reforms resulted into liberalization of the economy. Although this partly improved on the functioning of the economy, it some how exposed vulnerable communities to private sector exploitation, especially those who had no means of participating in the private sector led economic growth.
At the turn of the millennium, Uganda together with other countries in the world committed themselves to the Millennium Development Goals (MDGs) for sustainable development. One of these commitments was eradication of extreme poverty and hunger by 2015. Although Uganda has made remarkable strides in reducing extreme poverty (from 56% in 1992 to 24.5% in 2011) and provision of universal primary education, there are still misgivings around income distribution and quality of education and health services provided. The high economic growth averaging 8% over the past decade has not been felt by masses at the grass root level.
Even when the government attempted to direct efforts towards developing the common man, some government officials have instead misappropriated funds meant for such programs, leaving the local citizen on survival basis. It upon that background that KF voluntarily assumed responsibility to stimulate the creation of new local economic opportunities and improve quality of life.
Kabaka Foundation Commitment to Economic Development
Economic sustainability lies at the heart of KF under its objective of alleviating poverty, sickness and distress and improvement in living conditions of children, women, the disadvantaged, and the disabled. The Livelihood and Economic Development programs address broad-based economic development needs of communities across Buganda Kingdom in a way that creates new livelihood opportunities and improves the adaptation and resilience of communities. Through the program, KF empowers the most vulnerable persons in community especially the children off the streets, youths, and women to acquire skills and knowledge that they need to secure a livelihood to enable them support their families and break the inter-generational cycle of poverty.
KF has now supported six community based organizations across the Kingdom, reaching out to different vulnerable groups including children, youth, women and people with disabilities. This support has helped to enhance and streamline community-led development initiatives through capacity building for poverty alleviation and social equity.