Reforming the Bangladesh banking sector is long overdue considering the ongoing struggles, such as liquidity issues, poor resource management, capital crises, and underperforming loans and their potential ripple effect on the economy. Forced bank mergers have been the talk of the town in recent times. But we have seen most of the "known to be good banks" quite confused and
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.