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‘Revive Old Business Institutions’

By Vision Reporter

Added 2nd July 2003 03:00 AM

THE Vice-President, Prof. Gilbert Bukenya, yesterday said the Government should revive institutions like Uganda Development Cooperation (UDC) to help business people finance their activities.

THE Vice-President, Prof. Gilbert Bukenya, yesterday said the Government should revive institutions like Uganda Development Cooperation (UDC) to help business people finance their activities.

By Emmy Olaki
THE Vice-President, Prof. Gilbert Bukenya, yesterday said the Government should revive institutions like Uganda Development Cooperation (UDC) to help business people finance their activities.

He said as one of the ways of strengthening the Government’s strategic intervention programme, institutions like UDC would be very helpful.

Bukenya was flagging off about 10 tonnes of wolfram headed for America under the African Growth and Opportunities Act (AGOA). The mineral is mined and exported by a local company called KRONE Uganda Limited.

Bukenya said the Government is committed to the strategic interventions and that the mineral sector is one of the major areas of concern.

“If we cannot find any foreign investors to mine the minerals, then we do it ourselves. If we find one that is limping, then we make him walk because the Government cannot hide away anymore,” he said.

KRONE got a licence to mine wolfram in Nyamuliro hills in Kabale but the project has failed to take off because there is a 1km swamp between Kabale and the mine.

The company has been asking the Government, for over a year, to help them construct a bridge to no avail. The machinery that was imported has started rusting.

Bent Andersen, managing director Maersk Uganda Ltd, the company shipping the mineral, said they are committed to facilitating Uganda’s trade overseas.
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‘Revive Old Business Institutions’

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