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Daily Monitor Thursday April 15 2021 Summary But MPs on the Finance Committee asked Finance minister Matia Kasaija why UDB was lending the money to city businessmen instead of lending it to manufacturers in agro-business sector, private schools and hospitals that were hit badly by Covid-19. Advertisement Officials from the Ministry of Finance yesterday came under fire from lawmakers who are investigating alleged misallocation of Shs500b Covid-19 stimulus package. The money in question was channelled through the Uganda Development Bank (UDB) for access in form of loans to the private sector. But MPs on the Finance Committee asked Finance minister Matia Kasaija why UDB was lending the money to city businessmen instead of lending it to manufacturers in agro-business sector, private schools and hospitals that were hit badly by Covid-19. ....
A year later, SMEs still await stimulus Tuesday April 06 2021 Closed shops in Kampala after the country recorded the first case of coronavirus in March. Businesses were ground to a standstill to limit the spread of the virus. PHOTO/Rachel Mabala Summary Economy limps. Since March 11, 2020 when Uganda reported the first case of Covid-19, several businesses and the economy suffered the wrath of the pandemic. But where is the stimulus package to help businesses bounce back? Advertisement Despite the ongoing Covid-19 vaccination programme a year after the pandemic took its toll on businesses, there is a consensus among most economists that the economy is not out of the woods yet. ....