Uganda: National Housing Company Denies Govt Dividend

14 November 2012

The Government will not get dividends from the National Housing and Construction Company (NHCC) for its 51% stake, unless it clears outstanding debts with the housing business venture.

MPs on the committee of commissions statutory authorities and state enterprises on Tuesdayy heard that NHCC has not paid the Government sh2.3b in dividends for 2010 and 2011 financial years over a sh6.6 billion debt.

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