August 28, 2013

Buganda To Showcase Vast Mineral Potential At UK Trade And Investment Fair

Buganda Kingdom is set to market her Untapped Minerals and Chunk pieces of Land for Development at Powerful UK International Trade and Investment Fair.

 

Vice President Edward Ssekandi and the former Katikiro of Buganda Eng. JB Walusimbi at a locally organised land Expo
Vice President Edward Ssekandi and the former Katikiro of Buganda Eng. JB Walusimbi at a locally organised land Expo

The kingdom has finalized plans to showcase her vast mineral potential as well as vast land for development, to attract moneyed- investors in the wealthy Europe.

The fair will start on September 14 and the 3rd annual edition of this fare will be held at Troxy Arena, 490 Commercial Road, E1 0HX.

Buganda Land Board, the kingdom’s agency that manages its land buildings is expected to be one of the high powered exhibitors at the fare.

Willy Mutenza, The chairman of Uganda Convention in UK, the largest forum in Europe designed to promote Uganda as the favored investment destination in East Africa, has confirmed that Buganda Land Board will feature at the fare.

According to the statement issued by Mutenza, Buganda Land Board will use the forum to showcase its various available investment opportunities.

He also highlighted the untapped opportunities in Buganda Kingdom and they included;

Huge deposits of quality granite stone outcrops which can be used for making hard core granite tiles, fabrication of kitchen/table counter tops, tombstones, bathroom vanity tops, Jacuzzi and fireplace surrounds, stone aggregate for road construction and reinforcing buildings.

Planned land for real estate development in Kigo, next to Lake Victoria Serena Resort.

Buganda Kingdom land that is available for agricultural purposes in Kyaggwe.

Land for a mass housing project in Buswa Wakiso District: this project would fill a gap in the housing sector.

According to Uganda Bureau of Statistics (UBOS), Uganda has a housing deficit of 550,000 units. About 160,000 units of this backlog are in urban areas. Kampala alone has a housing deficit of 100,000 units

The fair will offer private individuals and companies large and small the opportunity to access business and investment opportunities presented on the day by experts from Uganda and abroad.

Mutenza further stressed that the Expo has achieved some ground-breaking results.

“After the 2nd Convention a group of investors committed to invest more than $3million in a maize processing plant. Another group donated more than $50,000 to the 1st Lady who was among the chief guests at the 2nd Convention to build a school and buy two tractors for the women of Karamoja,” Mutenza said in a press statement.

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