The Uganda National Musicians Federation (UNMF) has received an additional Shs5 billion to enhance access to financing for musicians across the country. The funding is part of a broader government initiative aimed at supporting the creative industry through a revolving financing model that allows artists to access affordable loans. The allocation to UNMF is specifically intended to strengthen musician-led Savings and Credit Cooperative Organisations (SACCOs), which will serve as the primary channels for distributing the funds. Officials explained that the financing structure is designed to suit the nature of creative work, offering low-interest loans and flexible repayment terms. This approach is expected

to help musicians invest in recording, production, marketing, equipment, and other income-generating activities without the pressure of high commercial interest rates. The additional funding comes at a time when many musicians continue to face challenges accessing formal financial services. By working through UNMF and organised SACCOs, the initiative seeks to promote financial inclusion, accountability, and sustainability within the music industry. Beyond financial support, the programme also places emphasis on capacity building, including training in financial management, entrepreneurship, and intellectual property awareness. These measures are intended to help musicians better manage their careers as businesses and maximise long-term earnings. UNMF leadership welcomed the additional funding, noting that it will empower more artists, especially young and upcoming musicians, to grow their craft into viable enterprises. The federation also reaffirmed its commitment to ensuring transparency and responsible management of the funds. Stakeholders believe the Shs5 billion boost will play a significant role in strengthening Uganda’s music sector, creating employment opportunities, and contributing to the country’s creative economy.