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Uganda To Host COMESA Investment Conference

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This was revealed by the Minister of Trade, Industry and Cooperatives Amelia Kyambadde while addressing journalists in Kampala and therefore noted that the conference will attract ministers from COMESA member states

“The conference will be used to mobilize funds for regional infrastructure projects in transport including road, railway, civil aviation and the ICT sectors,’’ added Kyambadde.

Kyambadde further noted that the transport projects are estimated to cost US$22.8b are aimed at developing regional links and networks through rehabilitating them.

“The money will be used to fund projects especially roads in the Djibouti corridor ,Lamu corridor and the Northern corridors well as Air transport which is aimed at creating Airport hubs through the expansion and harmonization of the existing ones,” asserted Kyambadde.

Kyambadde further explained that the primary objective of the energy project would be to increase the capacity in power generation, build pipelines and refineries in the oil and sub gas sectors of power which would cost US$ 37,155bn.

The COMESA conference to which Uganda is the chairman will be opened by President Yoweri Kaguta Museveni.

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