President opens Kadaga’s Shs 3bn hotel

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President opens Kadaga’s Shs 3bn hotel

Monday 16th June 2014
State House Uganda

President Yoweri Museveni has commissioned Century Hotel owned by Speaker of Parliament Rebecca Kadaga in Kamuli.

"Your Excellency when we were in the 6th Parliament, we agreed to invest visibly in Kamuli. Century Hotel Ltd is, therefore, my investment. It has cost me 3 billion shillings of my own money,” Rt. Hon. Speaker Kadaga told guests at the official launch of Century Hotel.

"Your Excellency, I want to complain about banks. I have been an MP for a long time, am a Speaker, but it is difficult to access a loan. I was tossed by Post Bank Uganda, then came the famous Uganda Development Bank, DFCU was the worst they demanded that I pay back shs 600 million in 7 years at 37% interest rate. Your Excellency we need construction banks.”

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