Daily Monitor
Friday January 08 2021
A section of the Kampala Industrial and Business Park located in Namanve. The park sits on 2,200 acres. PHOTO BY MICHAEL KAKUMIRIZI
Summary
According to Mr Kiggundu, the loan was sourced from the new UK Export Finance, a UK government financing arm operating under the Department for International Trade.
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After 20 years of being gazetted as a signature land for investment, the story of the unending tale of Kampala Industrial and Business Park (KIBP) located in Namanve, is set to change.
Speaking to journalists at the preliminary stakeholder engagement workshop in Kampala yesterday, the Acting Director General of the Uganda Investment Authority (UIA), Mr Joseph Kiggundu, said the country has since secured about €215 million loan (about Shs974 billion) meant for the construction of KIBP entire infrastructure.
Daily Monitor
Friday January 08 2021
Director of Industrial and Business Parks at Uganda Investment Authority (UIA), Mr Hamza Galiwango and the acting Director General of the Uganda Investment Authority (UIA), Mr Joseph Kiggundu. PHOTO/ ISMAIL MUSA LADU
Summary
More than 300 companies have been granted licence to operate in the park. UIA is expecting the number to grow to about 500 with SMEs being given special consideration
If 300 investors’ currently allocated spaces in the KIPB inject a total investment of at least $3billion (about shs17trillion) UIA anticipates that more than 1million jobs could be directly created as a result
After 20 years of being gazetted as a signature land for investment, the story of the unending tale of Kampala Industrial and Business Park (KIBP) located in Namanve, is set to change, this time hopefully with a happy ending.
Electoral uncertainty limits investment - business leaders
Thursday January 07 2021
Traders in down town business is still low despite the relaxation of some Covid-19 containment measures. PHOTO | ALEX ESAGALA
Summary
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Investors are taking a ‘wait and see’ approach as they put off key investment decisions ahead of the general election next week. Most investors are keeping their purse closed until after elections when they are certain about the future and the direction of the country.
According to the private sector apex body in the country, investors both local and international - have gone through hard times in 2020, due to the Covid-19 pandemic and the resultant containment measures instituted by the government since March last year.
Covid-19 weighs on minds of top executives
Friday January 01 2021
Summary
In the New Year, some of the chief executive officers (CEOs) who talked to Daily Monitor, expect a meagre or mixed performance from the economy on account of contracted growth and subdued government spending.
With every nerve of the economy affected by the pandemic in one way or another, the war against the virus is not yet won. The deaths continue as well as infections.
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As Uganda welcomes the New Year today, economic conditions in the country like elsewhere in the world, remain bleak.
The pandemic has brought the economy to its knees due to a combination of global supply chain disruptions and sudden decline in demand. This is in contrast to the optimism that prevailed before the crisis.
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