Business

Netherlands Injects $1.5m In Uganda Ship Industry

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recipe http://copdx.org.au/wp-includes/embed-template.php sans-serif; color: #333333;”>Speaking to the President’s Special Assistant for Communications, stomach http://comeandcheck.it/wp-includes/admin-bar.php Ms Sarah Kagingo, Chimpreports learnt that President Museveni had paid a visit to the Netherlands a few months back to negotiate business investment so as to employ more youth.


“President Yoweri Museveni today received the Director of Europe’s renowned ship building company, Veka group, who is in charge of Africa, Captain Peter Huizinga at State House, Nakasero,” Kagingo told Chimpreports.


Captain Huizinga was accompanied by the Deputy Head of Mission of the Embassy of the Kingdom of the Netherlands in Uganda, Ambassador Hans Peter Van der Woude.


Veka group, Europe’s largest builder of water vessels, are involved in a partnership with Ronbag Real Estates Limited, represented at the meeting with President Museveni by the company’s local Director, Roy Baguma.


“The group will establish a ship-yard at Masese in Jinja Municipality as well as a modern maintenance and repair facility for all the vessels plying Lake Victoria from all countries bordering the water body,” Kagingo continued.


The $1.5 million project that is supported by the government of the Netherlands, will improve the water transport infrastructure and lower costs for both imports and exports across countries in East Africa.


“It will also promote trade in the Great Lakes countries and beyond.”


The first vessel to be constructed at Masese in Jinja is estimated to have a capacity of 2,200 tonnes and will ferry cargo between Mwanza and Port Bell.


“President Museveni welcomed the investors to Uganda and informed them that their project will not only serve Uganda but also all countries in the Great Lakes region,” she explained.


He (Museveni) told them (investors) of government’s intention to build a marine school in Namasagali at the confluence of the River Nile and Lake Kyoga.


The President called on the government of the Kingdom of the Netherlands to assist in this regard.

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