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Government committed to recapitalize Uganda Development Bank

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Published on Sep 27, 2016

Government experts indicate that the proposed Shs. 50 billion planned for additional capitalization of the Uganda Development Bank (UDB) will be prioritized on production for exports.

State Minister for in charge of Planning Finance David Bahati, says that there is also a rapid call for Foreign Direct Investors to help to erect 4 Free Export Processing Zones in different parts of the Country. However, a cross section of local and foreign investors in the export Sub Sectors of Flower, fish and fruits; insist that cost of doing business in particular energy and credit must be sorted out first

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