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Museveni defends venture capital for Dr. Magoola, slams Mwenda over armchair analysis

KAMPALA, Uganda — President Yoweri Museveni has defended the state’s venture capital interventions in local manufacturing, launching a sharp economic defense of scientist Dr. Matthias Magoola while labeling media owner Andrew Mwenda a neo-colonial agent who opposes African industrialization. In a detailed weekend statement, the president justified government financing for domestic science and import-substitution projects. […]

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