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."

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