Who bewitched Uganda? How come Uganda lost out on the AGOA Opportunity and no body raised a finger? It was big news when the recruitment of 200 was made. Ugandans thought that at last a big venture with sound employment of youth had been made.
After the Tri – Star company closed we learnt that Velupillai Kananathan the Managing Director, of the firm that was exporting textiles under the African Growth Opportunity Act (AGOA) did not bring in any cash to start the firm! Uganda Government helped the company get US $5.2m from Uganda Development Bank to start the firm. And looks like all this was lost!
After the Tri – Star company closed we learnt that Velupillai Kananathan the Managing Director, of the firm that was exporting textiles under the African Growth Opportunity Act (AGOA) did not bring in any cash to start the firm! Uganda Government helped the company get US $5.2m from Uganda Development Bank to start the firm. And looks like all this was lost!
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