The president Yoweri Kaguta Museveni witnessed the deal signing at the state house Entebbe as Esther Mbayo, Matia Kasaija of Finance and Economic Planning, Evalyne Anite signed on behalf of government and Dr. Herman Sterzinger, chief operating officer signed on behalf of the German company.

“Veridos Identity Solutions Group that was created with the aim of creating secure and pioneering identification and identity solutions, entered into a joint venture with the Uganda Printing and Publication Corporation (UPPC) on June 11, 2016 after winning the bid,” the statement from state house said.

Museveni noted that Uganda printing own documents will help save a lot of money that was spent procuring the items from abroad.

“There was hemorrhage of resources that was unjustified. Money was going out to print currency notes for a long time. About US$25 million was spent each year to create Ugandan currency,

“These things of taking two years to deliberate on such matters must stop. Why did you spend two years discussing something that was so obvious?” Museveni stated.