Kalungi says that some people might choose to be poor and others willingly decide to be rich. Kalungi was speaking yesterday evening to members of Kampala City Traders Association who met him at his residence in Makindye division.

Kalungi reportedly told them that he and his brother Moses Kirumira, another business tycoon in Kampala were poor but they choose to be rich through working hard and saving their profits.

Kalungi says that the problem with most Ugandans they have a high marginal propensity to consume and lower marginal propensity to save. After addressing the traders Kalungi gave each person who was around 50,000 shillings as transport to take him back.

By James Okello

The post Being poor is a choice, says Kampala’s tycoon Moses Kalungi first appeared on Uganda Multimedia News & Information.

City Hall Grade Two Magistrate, James Wambaya issued criminal summons to Kalungi a prominent city business man after Kalungi failed to honor his bail granted to him last month.

Prosecution led by Joseph Kwesiga told court that the matter has been fixed for hearing and was surprised that neither Kalungi nor his lawyer Joseph Luzige had appeared in court yet they were aware of the trial date.

Kalungi was on 15th June this year arrested from his construction site on Kafumbe Mukasa road, charged and remanded to Luzira prison on allegations that he was constructing a commercial building at Kisenyi plot 237 and 238 without first obtaining development permission from a physical planning committee of Kampla Capital City Authority.

Ultimate Media

The post Criminal summons issued for Moses Kalungi over illegal buildings in Kampala first appeared on Uganda Multimedia News & Information.