Ruth Biyinzika Musoke, a manager at the Private Sector Foundation of Uganda (PSFU) said while other countries required investors to have local people own stakes in their companies, say 50%. This, she pitched, is not the case with Uganda
Kyambadde attributed the failure of government projects to lack of lack of proper planning by government and implementers. She also noted that even private projects initiated by politicians including Members of Parliament and local leaders have failed to take off while those that manage to start don’t live to expectation.
Justice Musene said most money lenders have remained adamant to seek licenses because the law bars them from exploiting borrowers. He revealed that instead the persons have continued to operate and subsequently dupe their clients into signing property sale agreements yet in actual sense they are lending them some money.
Morris Atwom, the Kitgum District Principal Commercial Officer, says they resolved to hire out the bulking stores to private individuals because they have been shunned by the intended beneficiaries.
