Museveni directs OPM to privatise Soroti fruit factory

The government has started sourcing for a private entity that will take over the operations of Soroti fruit factory which produces Teso juice (Teju) products. This was confirmed by the State Minister for Teso Affairs, Kenneth Ongalo while meeting the Teso district LC5 chairpersons in Soroti yesterday. He said the decision to have the entity privatized was reached after a frustrating spell that has seen the factory fail to make profits despite continued investment by the government through Uganda Development Corporation. Soroti fruit factory is 80% owned by the government through the Uganda Development Corporation (UDC) while the 20% shares are owned by the farmers through the Teso Tropical Fruit Growers Cooperative Union (TETFGCU) Ongalo said the decision to make […]