Posted inInvestments

Finance Ministry disowns Ndere Centre bailout as auction deadline looms

The Ministry of Finance, Planning and Economic Development has distanced itself from claims that it committed to bail out the Ndere Cultural Centre, whose mounting debt threatens its survival. This comes despite a 2024 communication from the Uganda Development Bank (UDBL) citing government’s intention to intervene. Ndere Cultural Centre, founded in 1984 as a performance […]

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