Investment opportunity: Joint venture partnership offer to establish a cement manufacturing plant in south western Uganda.
Project initiator: Bunyonyi Safaris Ltd.
Project promoter: The Uganda Investment Authority (UIA)
Project description
Uganda-based Bunyonyi Safaris Ltd is seeking a strategic investor to extract limestone and establish a cement manufacturing plant. The company owns a limestone mine with substantial limestone deposits, which are expected to feed the cement plant. The venture will require technology to produce and bag cement. The project owner is interested in establishing a cement plant as well as a mini hydro power plant. There are waterfalls at River Kaku where the power turbine will be installed to produce the electricity required by the cement plant. Excess electricity will be supplied to
the national power grid.
Project justification
Over the last decade, demand for housing has increased in Uganda due to rising incomes and urbanisation. Consequently, there is an increased demand for building materials locally and in the East African region. The proposed cement plant intends to capture this market share.
For further information on this project contact the UIA.
Key contact: Issa Mukasa
Director, Investment Promotion Division
Email: imukasa@ugandainvest.com, info@ugandainvest.com
