#8.
Workers of Abubaker Technical Services, a Ugandan owned company at work on one of the roads in Uganda.
The company this January, got a UGX9.125bn funding from the Uganda Development Bank (UDB) for plant and equipment that included an asphalt plant, stone-crushing plant, CAT loaders and excavators among others. Government of Uganda by end of FY2018/19 capitalised UDB to the tune of UGX272bn. An additional UGX103bn is planned for 2019/20 so as to reduce the cost of money for local entrepreneurs.
Government is also pushing for local content in all its spending. For example In FY2018/19, UNRA awarded road deals worth UGX 736,953,042,566/= to local or resident providers in accordance with the guidelines for Reservation schemes for promoting local content. This represents 28%by value of the contracts signed in the FY 2018/19, up from 24% in the previous year. The target is 30%.
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