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Govt rescues Ndere Centre, acquires sh10b stake

“It's true we have allocated some funds in the budget to rescue Ndere Centre from its financial challenges. The Government had to come in and intervene since Ndere Troupe is the leading creative business in Uganda and has been carrying Uganda’s flag high at international platforms,” Musasizi said.

The entrance of Ndere Cultural Centre in Ntinda, Kampala. In an interview with New Vision in September 2024, the centre’s executive director Rwangyezi said that its management had appealed for Government intervention to save the centre from debts. (Credit: Colleb Mugume)
By: Mary Karugaba, Journalists @New Vision


KAMPALA - The Government has rescued Ndere Cultural Centre with a sh10.4b financial bailout, averting the imminent auction of one of Uganda’s most iconic cultural institutions.

According to documents

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Tags:
Ndere Cultural Centre
Budget
Uganda Development Corporation (UDC)
Minister Henry Musasizi