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Ugandans still waiting for Covid-19 stimulus package
Monday March 01 2021
KAMPALA- Businesses that were supposed to benefit from the government stimulus package from the Uganda Development Bank have not received any money.
In June 2020, government announced that small and medium size enterprises in agro processing, manufacturing and tourism sectors would receive about Shs1 trillion to support them during the lockdown.
The money was supposed to be channelled to eligible beneficiaries through the Uganda Development Bank (UDB).
However, many businesses have never received the money.
In January, UDB said it had disbursed up to Shs242b to vital sectors of the economy in 2020.