Govt Now Distances Self From Shs 11bn Ndere Cultural Centre Bail Out - The Observer

Govt now distances self from Shs 11bn Ndere Cultural Centre bail out - The Observer

The ministry of Finance, Planning and Economic Development has denied claims that it committed to bailing out the Ndere Cultural Centre from its growing debt burden, which now threatens the existence of one of Uganda’s most iconic cultural institutions. This denial comes despite confirmation by Uganda Development Bank (UDB) that the government had, in 2024, […]

Finance Ministry Says Never Committed to Bail Troubled Ndere Centre Out Of Shs10.8 Billion Debt » Business Focus

Part of Ndere Centre headquarters in Nakawa Division The Ministry of Finance, Planning and Economic Development has refuted claims that it was supposed to bail out the Ndere Cultural Centre from its indebtedness that now threatens its collapse. This is despite Uganda Development Bank confirming the government’s commitment in 2024 to settle the debt. Ndere was formed in 1984 as a cultural performance club (Ndere Troupe) and has since grown into U…

Ministry of Finance Denies Commitment to Bail Out Ndere Cultural Centre Amid Mounting Debt Crisis

The Ministry of Finance, Planning, and Economic Development has officially refuted reports suggesting it pledged to bail out the Ndere Cultural Centre from its growing indebtedness, despite Uganda Development Bank (UDBL) affirming government commitment to settle the loan in 2024. Ndere Cultural Centre, established in 1984 as the Ndere Troupe, has evolved into Uganda’s premier cultural tourism and conservation hub with facilities across the count…

Finance Ministry denies promising to bail out troubled Ndere Centre

A recent performance at the Ndere Cultural Centre Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development refutes claims that it was supposed to bail out the Ndere Cultural Centre from its indebtedness that now threatens its end. This is despite Uganda Development Bank confirming the government’s commitment in 2024 to settle the debt. Ndere was formed in 1984 as a cultural performance club (Ndere Troupe) a…