The Monitor (Kampala)

19 May 2010

Uganda: Gulu Opens Up for Bigger Business

Kampala — Gulu town, which had acted as the epicentre of the over two decades Lords Resistance Army conflict, is returning to normalcy with increasing business investments coming up the region.

Col. Walter Ochora, the Resident District Commissioner, said recently in a meeting with businessmen in Gulu, the region has transformed into a vibrant market for both local and foreign investors.

The meeting that was organised by Bank of Africa-Uganda also announced the entry of the bank into the region.

He said: "Gulu is no longer a war zone; there is total peace and steady growth, investors like Bank of Africa cannot come and invest here if the environment is still hostile."

Ms Edigold Monday the Bank of Africa acting managing director said the bank will focus on specific needs that suit the business community.

She said: "We pride ourselves in providing tailored services to our clientele so we understand you and we have come into the region to empower people economically and improve their status."

Ads by Google

Copyright © 2010 The Monitor. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.