Uganda: US Dangles Shs220b for Value Addition in Uganda

Kampala — The US Overseas Private Investment Corporation (OPIC) is investing $58m (Shs220b) in Uganda's economythrough lending financial capital to private companies to promote value addition and increase their operational scope.

Mr Ray W. Washburne, the president and chief executive officer OPIC, said they are targeting logistics, transportation, telecommunications, internet connectivity and value chain projects in sectors such as agriculture across the country.

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