Ssendaula meets SADEB team

Oct 20, 2002

South African Development Bank (SADEB), is to provide long term capital to investors in the areas of infrastructure development including energy utilities, tourism

By David Muwanga

South African Development Bank (SADEB), is to provide long term capital to investors in the areas of infrastructure development including energy utilities, tourism, technical assistance for capacity building, information, communication and technology, oil and gas and road construction.
Mandla Gantsho, the banks chief executive officer and managing director was in Uganda accompanied by the bank’s advisor Admasu Tadesse and project manager Lison Mwilla. He said the funds can be availed through the relevant central banks.
“We are travelling throughout Eastern Africa to strengthen our relations with government and private institutions and see how we can avail funds to investors. The money has to go through central banks to the investors in infrastructure development,” he said last week.
The trio were meeting Finance minister, Gerald Ssendaula in Kampala.
They also held talks with Bank of Uganda, the dfcu Group and East African Development Bank. Gantsho said, “This is a strong bank that works with the South African Development Coroporation (SADC) and now want to open up to the rest of Africa.”

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