February 28, 2024

Prime Minister tips local investors to make use of government institutions for financial support.

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Prime Minister Rt. Hon. Nabbanja Robinah with Timothy Kabandize, the director Timu-Timu group of companies

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KAKUMIRO

The Prime Minister Rt. Hon. Nabbanja Robinah has appealed to local investors to make use of the available government institutions such as the Uganda Development bank to access soft loans to broaden their businesses.

Nabbanja made the call on Saturday while speaking as guest of honor during a thanksgiving ceremony for Timu-Timu bakery group of investments in Igayaza Town Council Kakumiro district.

Nabbanja says that the NRM government has created an enabling environment for both local and international investors.

She says that government has also put in place interventions to boost local investments by availing funds in various government agencies for the people to acquire loans for investment.

Nabbanja appealed to leaders at all levels to plan for socio-economic transformation of the country.

Timothy Kabandize, the director Timu-Timu group of companies that employs over 900 people in Kakumiro district lauded the NRM government for the conducive environment that has enabled them flourish in business.

Timu-Timu operates in the districts of Hoima, Masindi, Kakumiro, Kiboga, Kyankwanzi, Kikuube, Kyenjojo and Kyegegwa.

Earlier on in the Day the Prime Minister presided over the annual general meeting for Abafumambogo clan for Bunyoro region where the president donated 20 million shillings to help them improve on their livelihoods

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