The Church of Uganda is in the final stages of starting its own bank in the country as some of its initiative to re-claim financial independence of the church and improving service delivery in church of Uganda.

Now to achieve this, the church is set to launch project dubbed Kingdom Development Organization (KIDO) through which followers will contribute some money on daily basis.

The Archbishop of the Church of Uganda His Grace Stanly Ntagali.

While addressing media on Wednesday, the Arch Bishop of Uganda His Grace, Stanely Ntagali, said that each Anglican will be required to donate 500 shillings through mobile money on daily basis targeting a population of 5 million people.

He explained that this humble contribution will not only end at establishing a bank, but also improving health service, building houses to clergymen and other developments in the church.

Under this arrangement the church hopes to collect 2.5 billion from 5 million people on daily basis, which is enough to kick start the process of establishing a church of Uganda bank.

The project is to be launched on 16th October at St Luke church Ntinda. If the project succeeds, Church of Uganda Bank with follow in the footsteps of the Centenary Development Bank started in the 90s by the Catholic Church.