Ugandan businesses, which are struggling to remain afloat after months of lockdown, will have to wait longer for the pledged government stimulus package.
Finance Minister Matia Kasaija, in a telephone interview on July 29, told The EastAfrican that the first tranche of the funds, Ush500 billion ($137.7 million) of the Ush1 trillion ($267 million) earmarked for the recapitalisation of the Uganda Development Bank (UDB) will be released in three months’ time without being specific on dates.
