Tag Archives: TRN

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

UDC ED Birungi

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation pouring trillions into companies that are barely staying afloat. As a state enterprise, UDC is mandated “to promote and facilitate …

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