The Chief of Defence Forces (CDF) and Senior Presidential Advisor for Special Operations, Gen Muhoozi Kainerugaba, has announced the establishment of a Shs1 billion wealth creation fund aimed at supporting Ugandans with viable income-generating projects.
In a statement shared on X (formerly Twitter), Gen Kainerugaba said the initiative aligns with the national wealth creation agenda championed by President Yoweri Museveni.
“I am putting up a fund of Shs500,000,000 for all my followers on Twitter. We shall be sending money to people who have projects that make sense,” Gen Kainerugaba said, before announcing that the fund had been increased to Shs1 billion.
He revealed that the fund, dubbed the “MK Fund,” will be overseen by administrators to be announced soon. The administrators will be responsible for managing disbursements and producing an annual accountability report, while Gen Kainerugaba will serve as Chairman of the fund.
The CDF emphasized that investments under the MK Fund will strictly focus on the four priority sectors for wealth creation identified by President Museveni:
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Commercial agriculture
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Manufacturing
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Mining
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Services, including tourism and ICT
Gen Kainerugaba said the administrators will advise on the most effective management strategies to ensure the fund delivers sustainable economic impact.
Politically, the initiative deepens Gen Muhoozi’s evolving public profile as both a security leader and an economic mobilizer. As Chairman of the Patriotic League of Uganda (PLU), a movement that has increasingly positioned itself as a youth-oriented political and ideological platform, the MK Fund strengthens his appeal among digitally active Ugandans, particularly on X, where political narratives are now shaped in real time.
