President Museveni to only bail out companies operating in Juba while Kwagalana group hopes dashed

Ayiswa Issa Tuesday, 26 July 2016 - 11:34pm Money

President Yoweri Museveni will move to save companies that lost their property in South Sudan gunfire.

A group of businessmen wrote to President Museveni to bail them out after claiming their businesses are on the verge of collapse.

They were led by Patrick Bitature, the proprietor of Protea Group of Hotels.

President Museveni during his speech to open the cabinet retreat in Kyankwanzi, assured businesses that lost property and money in South Sudan of support.

He revealed: "Exporting to South Sudan were bring us money. They have to be looked at differently."

"In fact other countries normally have what they call export credit guarrantee", added the President.

On struggling Kampala Kwagalana group, Museveni warned: "But I hear some banks are doing some scrupulous business to grab their business."

"We shall come in but not given them money but make sure they get justice", the President pledged.

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