Samuel Wandera, the Director International Relations at FIA, says in their own review, discussions and studies, they have established that launderers prefer to launder their proceeds in the motor vehicles industry.
The ACF was started in 2009 as a platform where government and private financial institutions bring resources together and lend them to agriculture at a 12 per cent interest rate, far below the market rates of usually 20 per cent. The money is disbursed to farmers through participating financial institutions.
The publishing press hosted under the University Directorate of Research and Graduate Training (DRGT) was relaunched with publications by Dr Wilfred Lajul, Professor John Wotsuna Khamalwa and Dr Saudah Namyalo.
