Phoenix Logistics Uganda Ltd
Tel: +256 (0) 41 344227 | Fax: +256 (0) 41 344227
Location: 100-102, 5TH Street Industrial Area, Bugolobi Kampala - Uganda Postal Address: P.O.BOX 4378, Kampala,Uganda - East Africa PLUL: Phoenix Logistics’ future hangs in balance Given the requirement that Uganda Development Corporation (UDC) should be a profit making body, UDC is to undertake a due diligence of Phoenix Logistics Uganda Ltd (PLUL) after it made accumulated losses of over sh21b since its inception in 2000, the state minister for Trade and Industry, David Wakikona, has said.Appearing before the trade and industry committee of parliament over his ministerial budget framework paper for 2014/15 financial year, the minister said the due diligence report would be able to make objective recommendations concerning the future of PLUL.“Cabinet in May 2013 directed that all enterprises where Government has interests should be transferred to UDC. This, however, awaits the passing of the law establishing UDC after the 1952 UDC Act was repealed,” Wakikona further told the committee chaired by Lyantonde Woman MP, Grace Namara. Read more ▪ |