Tag Archives: Fine Spinners

Government gets rid of loss-making company, but can new investor avoid its jinx? The government of Uganda has leased Phenix Logistics Uganda Ltd, a garment manufacturer based in Kampala, to a Kenyan-based garment manufacturer – Fine Spinners. The deal which is at un-disclosed amount of money and a 15-year period …

Fine Spinners (Uganda) Limited has taken over management and assets of Phoenix Logistics in a move government says will revamp the operations of the factory. The State Minister for Micro Finance Haruna Kyeyune Kasolo  said garments company Phoenix Logistics has been running at a sub optimal level and needs to improve …