July 7, 2022

Business Detect

Uganda Latest Business News, Investments , Opinion and Sports

President Museveni commissions 9 factories in Kapeeka Nakaseke

2 min read

Commissioning the 132KV power station that will supply the Industrial park with electricity.

Uganda’s leader Gen YK Museveni earlier in the day commissioned various factories at Nakaseke newly created Namunkekera Industrial Park .

Factories numbering 9 do manufacture concrete products, agricultural products, food items, electrical appliances, shoes and fishnets among others were launched .

In an address at the launch president Museveni said , ” This Industrial park is proof that when you sort out certain issues, development happens” . With the peasants in Luweero here, we launched a struggle that birthed peace and stability, resulting into the investments we see now.

This investment is also made possible by our deliberate policy to promote liberalisation, enabling private investors to put money where they see opportunities added Museveni.

The NRM chairman confimed that Uganda is also making a case for market integration for a vibrant EAC, COMESA and strong links with partner countries like China, the EU among others.

President Museveni thanked Mr Zhane Hao, the Managing Director of Liao Shen, who is at the helm of this initiative (the park) and he was also happy to note that the factories launched are contributing to value addition, buying maize, mangoes and other fruits from Ugandans.

According to reports , the 16 factories so far employ 2,500 people directly and the projection is 8,000 in the next few years. He assured residents that the NRM government will rehabilitate Kapeka Secondary School and Butalango Technical College so that they supply human resource to the industrial park.

He cautioned NEMA on the enviroment, and tasked them will to come and advise on factories that produce fumes, but also urged the locals to vacate swamps and stop cutting trees.
Kapeeka Namunkekera Industrial Park was spear headed by Gen Salim Saleh a younger brother of president Museveni and alot is set to be achieved.

Leave a Reply

Your email address will not be published. Required fields are marked *