FUTA hails government over release of Shs20 billion for flood-affected traders

11 November 2026, 6:06 pm

By Ronald Ssemagonja

The Federation of Uganda Traders Associations (FUTA) President, John Kabanda, has thanked government leaders, including the Prime Minister and other officials, for their efforts towards fulfilling President Yoweri Museveni’s pledge of Shs20 billion to support traders affected by the floods.

Speaking at a press conference in Kampala, Kabanda said the latest announcement had renewed hope among affected traders who have waited for a long time to receive compensation.

He revealed that FUTA would soon establish an office to help collect the necessary documents from beneficiaries. He assured traders that the process would be handled promptly to enable them to receive their money without unnecessary delays, following the approval and release of the funds.

Kabanda also urged traders whose names may be missing from the approved list to remain calm, saying FUTA would continue advocating for fairness to ensure that all eligible beneficiaries are considered.

He cautioned traders against turning against their leaders whenever challenges arise, calling for unity and cooperation in addressing their concerns.

Some of the affected traders who spoke to the media welcomed the government’s decision to release the compensation funds. They expressed hope of receiving the money and urged fellow beneficiaries to use it wisely to rebuild their businesses and recover from losses suffered during the floods.