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NSSF which owns 32.5% of Uganda Clays extended Shs11 billion loan to UCL in 2010 to purchase machinery for increasing kiln output at Kamonkoli factory and purchase spares for the Kajjansi factory. The loan which attracted a 13-15% annual interest has swollen to Shs23.2 billion and become a strangle-hold on the ailing company.
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