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Home Business

President Museveni appeals to investors for support

Reporter by Reporter
February 13, 2014
in Business, News
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President Yoweri Museveni

President Yoweri Museveni

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President Yoweri Museveni has called on investors to work with government, towards securing funds for the construction of the railway lines to South Sudan, DR Congo and Rwanda.

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While meeting a delegation of Fouad Alghanim & Sons Group of Companies, the president said that the project requires coordination if it’s to take off in time.

The new railway line will connect Kenya, Uganda, Rwanda and South Sudan reducing transport costs by more than 60 per cent.

The standard gauge railway line is expected to cost US $13.7 billion and could dramatically cut journey time and transportation costs.

The line will run from Mombasa to Malaba, Kampala and then Kigali, Rwanda and later to Juba, South Sudan.

The President said that Uganda has abundant resources, thus investors are free to invest in Hydro power generation which includes both the big and small power stations.

Reporter

Reporter

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Government issues stern warning to wetland abusers

Government issues stern warning to wetland abusers

May 20, 2022
Government grounds 90 Link buses

Gunmen ambush Link bus in Mityana

May 20, 2022
Kamya not fit for IGG office, anti-graft body

IGG clears EC’s shs 60b office relocation deal

May 20, 2022
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