The govt line

The East African - - FRONT PAGE -

A Ugan­dan gov­ern­ment of­fi­cial said that they re­ceived the term sheet from Canada Exim Bank on Thurs­day, and a meet­ing was held at the Min­istry of Fi­nance on Fri­day to eval­u­ate it. “In all, 12 new of­fers have come in, but a de­ci­sion has been taken against re­veal­ing their iden­ti­ties at this time, be­cause eval­u­a­tion is on­go­ing,” the source said. The with­drawal of the Cana­dian lender is said to have given way to a flood of of­fers that are cheaper than the 3.5 per cent that the EDC was of­fer­ing.

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