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Picfare industries has turned around from being just a textile company and has now become a printing company. On Wednesday, the president, Yoweri Kaguta Museveni praised them for the big move and commissioned their new factory as well.
“I congratulate Picfare for this new investment. I remember when the proprietor came here and I told him Uganda is a safe investment destination. He had suffered in Rwanda but told him that here under the NRM, we are not gamblers. And that he would be here for a long term and won’t regret,” Museveni said on Wednesday.
The proprietors at Picfare said the newly commissioned factory in Namanve industrial area cost up to $12.5 million which is roughly shs44.5 billion to complete.
For the president though, it is a prophecy that has come to pass. He had predicted that the company would expand. He also assured the proprietor of the factory that government will ensure they lower the cost of electricity to five cents per kilowatt-hour.
Museveni explained that the Ministry of Energy has finalized a study on how power can be moved from the dam directly to the industrial park without the middlemen that he said are exploitative.
“It will definitely bring down the cost of power. For the factories, it should be government dams to provide power and for the other businesses like night clubs and bars should be provided from someone else like thermal power,” he said.
In other areas, the factory has created a number of new jobs due to its expansion. This made the president ecstatic. He said this will be a game-changer and also that if the country can have more of such companies, many Ugandans will be employed.
Also, the company is moving its operations from Njeru in Buikwe district to Namanve industrial park. The new factory built on 11acres and measuring 20,000 square meters.
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
