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| Uganda: Small Businesses to Benefit From Norwegian Fund |
| [24.11.2010, 07:44am, Wed. GMT] |
Uganda's Small enterprises will benefit from a Shs20 billion fund supported by the Norwegian Investment Fund for Developing Countries (NORFUND). The money to be channeled through Dfcu Bank will be used to boost SME programmes including agro processing and market research among other ventures.Mr Roland Kjell, the NORFUND managing director said during the signing that the Norwegians are committed to promoting economically, socially equitable, and financially profitable ventures to boost growth in developing countries. He said through banks, developing countries can be assisted to set their economies in motion and champion the creation of market responsive products like.
The eight-year credit line will expand to bank operations and to finance mortgages as well. NORFUND is a Norwegian investment fund established to promote business development and contribute to economic growth and poverty alleviation. The investments extend to East and Southern Africa, Central America and selected countries in South East Asia. |
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