The Big Story

Gov’t to inject UGX1 trillion into Uganda Development Bank- Yoweri Museveni

by Muhereza Kyamutetera
President Museveni (in hat) is joined by businessman Patrick Bitature (left) and investment Minister, Hon, Evelyn Anite at the launch of the mask-making Lida Packaging Products Limited in Mbalala, Mukono District. This company has a production capacity of 560,000 masks per day and is currently employing 315 Ugandan youth with more expected.
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President Yoweri Museveni has said that UGX1 trillion of the UGX1.9 trillion loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity. Museveni said Uganda has enough raw materials to feed industries for production of commodities rather than continue relying heavily on imports, which he said we

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.