VIDEO: ‘We funded NRM, but not for bailout ‘

VIDEO: A section of tycoons mentioned among the bailout beneficiaries have admitted having financed part of the campaign activities of the ruling National Resistance Movement in the February general elections.

The tycoons led by the Chairman Uganda Manufactures Association, Amos Nzeeyi however say their decision to support the ruling party was not a guarantee for the bailout of some of the sinking companies in the country. Appearing before the Trade and Industry Committee of Parliament, the manufacturers said they were skeptical about some of the companies on the list presented to government.