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Tag Archives: Tao Zhang

Gov’t to inject UGX 1 trillion in UDB to boost local production

Kampala, Uganda |  THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity.  While commissioning the Lida Packaging products, a manufacturing company that …

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Uganda gets UGX 1.9 trillion emergency funding from IMF

Kampala, Uganda |  THE INDEPENDENT |  The International Monetary Fund on Wednesday approved USD 491.5 million (1.9 trillion Shillings) in emergency funding for Uganda to address the impact left by the coronavirus on the economy.  The money is approved under the Rapid Credit Facility program that is meant to help poor …

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