The State House Economic Monitoring Unit has started a countrywide tour to verify the companies that have requested stimulus packages locally referred to as ’emyooga’ from the government to fight off the effects of Covid 19.
The state minister for economic Monitoring Peter Ogwang spent the entire day in Kabojja accessing the needs of agro-processing companies and this time around, he started with a visit to Alifil grain millers.
Located 17 Kilometres out of the City centre in Wakiso district, Alifil grain millers was once a major producer of wheat – milling and exporting at least 300 tons daily. The factory is now partially closed and a shadow of its former self.
Sited on over 17 hectares of land, Alifil proprietors invested 8 million dollars in machinery to produce wheat for the local and export markets. Without the stimulus package, this investment will soon go to waste.
The company’s situation espouses the challenges facing local businesses following the outbreak of the Covid 19 pandemic.
The company previously employed over 200 workers.
The proprietors have requested Ushs. 10 billion stimulus package from the Ministry of Finance.
But to qualify for the package, the company has to certify the Economic Monitoring Unit from the State House. The unit led by Peter Ogwang the State Minister for Economic Monitoring spent the day touring the facility to verify the application.
According to the minister, such site visits will enable the government to establish what companies are in dire need of stimulus packages to fight off the effects of Covid 19.
The government has committed herself to provide 200 billion shillings as a stimulus package for small and medium enterprises. sh900 billion has also been put in the Uganda development bank to provide cheap capital to investors.