Norwegian fund for Ugandan SME

Nov 24, 2010

Small enterprises are to 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.

Roland Kjell, the NORFUND managing director says
the Norwegians are committed to promoting economically, socially equitable, and financially profitable ventures to boost growth in developing countries. He says through banks, developing countries can be assisted to set their economies in motion and champion the creation of market responsive products. Prossy Nandudu, The New Vision, Uganda