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Tag Archives: UDC

Government to invest UGX 23 billion in Mabale tea factory

Kampala, Uganda | THE INDEPENDENT | The government has finalized with plans to buy shares worth 23 billion Shillings in Mabale tea factory in Kyenjojo district, according to Finance Minister Matia Kasaija. Mabale growers tea factory started in 1969, as a government-owned business, but collapsed during the Idi Amin regime. …

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MPs recommend transfer of Uganda Airlines to UDC

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …

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Reviving Katwe salt factory

UDB launches ambitious hunt for investor Kampala, Uganda | PATRICIA AKANKWATSA | A cool breeze and a pungent smell like rotten eggs is what welcome you to the shores of Lake Katwe. That is the hydrogen sulfide; a poisonous and corrosive gas that occurs naturally in the salt caves of …

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MPs seek Soroti fruit factory answers from Govt

Soroti, Uganda | THE INDEPENDENT | Uganda Development Corporation (UDC) officials have been summoned to parliament to explain why the sh48billion Soroti fruit factory is yet to start operations, three years after it was built. During the plenary sitting of Parliament on 21 February 2019, Kumi County MP Charles Ilukor …

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Rugasira on new Uganda Development Corporation board

Kampala, Uganda | GODFREY SSALI | The Uganda Development Corporation (UDC), the investment arm of government mandated to promote and facilitate industrial and economic development of the country, has finally got a first Board of Directors since its revival in 2008. The new board which will be chaired by Hamu Mugenyi, …

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COMMENT: Sugar imports not solution

COMMENT: By Michael Mugabira Problem is the group advocating protectionist zoning in production but free market pricing Currently, the local media is awash with stories depicting a sugar crisis in this country. Possible solutions being fronted by Ministry of Trade, Industry & Cooperatives (MTIC) in the forth-coming meeting is possibly …

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