When General Muhoozi Kainerugaba announced the MK Fund, many Ugandans immediately began asking the most practical question of all:

How do we apply?

So far, the administrators have promised that full submission procedures and rules will be communicated soon. But as the country waits, one thing is already clear: the MK Fund is being positioned as a wealth-creation tool, not a handout scheme.

And that raises an important discussion.

If this fund is meant to support serious, income-generating projects, then what kind of guidelines should applicants realistically prepare for?

Even before the official document is released, we can begin to map out the likely structure — based on how similar entrepreneurial and government-linked funds typically operate.

Who Will Likely Qualify? Not Everyone, But the “Viable” Few

The first filter in most funds like this is eligibility.

The MK Fund has been framed around wealth creation, which suggests that applicants will probably need more than just a good story or social media appeal.

Expect priority to go to:

• Individuals or youth groups with real business ideas
  
  
• Community-based initiatives with clear economic output
  
  
• Projects aligned with national wealth pillars like agriculture, services, manufacturing, mining, tourism, or ICT

The keyword here is income-generating.

In other words, the MK Fund is likely to look for people saying:

“This project will grow, employ others, and sustain itself.”

Not:

“I need support because life is hard.”

Proposals Will Probably Matter More Than Popularity

Although the MK Fund was born in a social media environment, the administrators are established professionals  including a minister, a legal partner, and a senior military officeholder.

That combination signals one thing:

Structure is coming.

Applicants should expect to submit something close to a mini business case, including:

• A clear project description
  
  
• Objectives and implementation plan
  
  
• Expected economic impact
  
  
• A realistic budget breakdown

The days of “DM your idea” may not last long once formal disbursement rules kick in.

The Fund May Demand Documentation and Accountability

Most serious funding initiatives quickly introduce safeguards.

So applicants should be ready for possible requirements such as:

• National ID or group registration documents
  
  
• Business registration (for established enterprises)
  
  
• Letters of recommendation (for community projects)
  
  
• Proof of operational capacity

This is not just bureaucracy it is how funds protect themselves from misuse.

The administrators will likely want to avoid a situation where money disappears into briefcase projects.

4. What Will They Assess? The Usual Four Questions

When administrators begin reviewing proposals, they will likely ask the same questions every fund asks:

Is it viable?

Can this project actually work, or is it wishful thinking?

Is it sustainable?

Will it survive beyond the first injection of money?

Does it create jobs or value?

Does it employ others, expand production, or solve a real economic gap?

Does it align with national priorities?

Projects in agriculture value chains, ICT innovation, tourism, or manufacturing will likely score higher than vague ideas.

In short, the MK Fund may reward practical impact over political excitement.

The Big Unknown: Grants, Loans, or Partnership Funding?

One major detail still missing is the form of support.

Will the MK Fund offer:

• Direct grants?
  
  
• Revolving loans?
  
  
• Seed capital with follow-up monitoring?
  
  
• Partial funding tied to milestones?

The rules governing disbursement will determine whether this is a one-off boost or a structured long-term fund.

That is why the upcoming administrator communication is critical.

Advice for Applicants Right Now: Prepare Before the Door Opens

Even without official guidelines, serious applicants can start preparing immediately:

• Draft a one-page concept note
  
  
• Identify your market and customers
  
  
• Break down your budget clearly
  
  
• Be ready to explain impact in numbers
  
  
• Avoid inflated or unrealistic figures

When the administrators publish the submission channel, those already prepared will move fastest.

Conclusion: A Fund Still Forming, But Expectations Are Already Clear

The MK Fund has generated excitement, but the real test is ahead:

Will it become a serious wealth-creation engine or just another headline initiative?

For applicants, the message is simple:

Those who treat it like a business opportunity will likely stand out.

Until the administrators release the official guidelines, everything remains an informed expectation — but the direction is clear:

The MK Fund is likely to reward viability, discipline, and economic impact.