Uganda looking for investors to implement Masaka Industrial Park
Uganda looking for investors to implement Masaka Industrial Park
Modified date:
The government of Uganda is currently in the process identifying core investors who can implement the Masaka Industrial Park at Mazigo Village, Bukakkata Sub-county in Masaka District. President Yoweri Museveni launched the project and laid a foundation stone at the proposed site back in 2015 but the project has since stalled after Chinese investors reportedly pulled out of the project.
According to the custodian of the selected 22 sites to host industrial parks across the country, Mr Vincent Kityamuwesi Musubire, Uganda Investment Authority is still in talks with new prospective investors who are willing to take up the industrial park.
Daily Monitor
Thursday April 15 2021
Cows graze at Bukakkata Sub-county in Masaka District. Work on an industrial park that was commissioned by President Museveni in the area in 2015 is yet to start. PHOTO | AL-MAHDI SSENKABIRWA
Summary
This comes after they reportedly failed to agree with the Chinese investors who had earlier expressed interest to redevelop Masaka agro processing industrial park.
On June 18, 2015, President Museveni launched the project and laid a foundation stone at the proposed site.
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The government is back to the drawing board to identify core investors who can set up an industrial park at Mazigo Village, Bukakkata Sub-county in Masaka District.