Politics

Mbabazi: I Have Enough Money for 2016 Campaigns

Former Prime Minister Amama Mbabazi has assured that his campaign team has enough financial resources to run his entire 2016 presidential election campaign without shortage,  Chimp Corps report.

Mbabazi,  who maintained that he was 100 percent certain about emerging as the NRM’s 2016 presidential election flag-bearer “if there is transparency” in the internal electoral processes, also revealed that he is not a poor man.

“I can tell you that we are absolutely ready to fund the campaign to the maximum,” said Mbabazi on Saturday afternoon while appearing on Capital Gang show at Capital Radio.

This followed a query from Beti Kamya on Mbabazi’s sources of funding for the 2016 campaigns.

This is the first time Mbabazi is speaking out on funding his campaign, which sources say, is estimated in millions of dollars.

Capital Fm panelists had earlier asked Mbabazi to shed light on claims that he has been making trips to China to mobilise funds and that he bought many cars to facilitate his campaign agents.

They further observed that Mbabazi is keeping sacks of money at his Kololo residence in Kampala.

“It is true that I am not poor. Both mentally and physically,” said Mbabazi.

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“All the money I have, I can account for it,” he added.

“When Beti was in parliament, we were earning only one million shillings; now it’s more than Shs25m. But it’s a fact I am not wealthy.”

He further pointed out that, “The allegations that I have two rooms full of dollars and pounds are not correct. Obviously false.”

Observers say if Mbabazi stands for president, he is likely to give President Museveni a run for his money.

Unlike previously when Museveni has battled a poorly-funded and malnourished opposition, he must expect stiff resistance from Mbabazi.

The Ugandan economy usually gets battered by heavy spending of presidential candidates during election campaigns, causing severe inflation.

During the last election, Uganda witnessed a sharp rise in inflation with a maximum of 17.9 in October 2011.

Uganda recorded the second highest level of inflation in the region hitting 30.5 percent during the same period.

Such an increase in inflation has negative implications for the countries at large and particularly for the poor.

Given that the majority of the population lives in rural areas, the consequences can be enormous including eroding the standard of living of the population.

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