In a press conference held today, the Arch Bishop of Uganda, Stanly Ntgali said that Anglican Church of Uganda is set to start her own bank.
“This initiative is aimed at re-claiming the financial independence of the church and improving service delivery in church “, Ntagali said.
He added that with this initiative, the church is bound to create more employment opportunities for the people in the region, improving health service and build houses to clergymen among others.
Ntgali said that The project dubbed “Kingdom Development Organization (KIDO)” will be launched on Sunday 16th October at St Luke Church in Ntinda through which followers, people of good will and well wishers will be contributing 500 shillings daily through mobile money.
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.