President Yoweri Museveni has said that UGX1 trillion of the UGX1.9 trillion loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity. Museveni said Uganda has enough raw materials to feed industries for production of commodities rather than continue relying heavily on imports, which he said were unsettling the economy, especially during crisis, like the covid-19 pandemic and UDB would finance this value-adding process. Early in May, the IMF approved USD419.5 (UGX1.9 trillion) for Uganda under the Rapid Credit Facility to address the ‘urgent balance of payments…
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