On the 29th of May, 2018, at the "Uganda-UK business Forum", United Kingdom announced signing a deal with Uganda worth $287m (Ugx 1 trillion) geared towards building the country’s second international airport to service the young oil industry that awaits. The Airport is expected to be fully operative by 2021.
Dabbed the largest ever loan to any African government by UK Export Finance (UKEF), the deal was confirmed by UK prime minister’s trade envoy to Uganda and Rwanda, Lord Popat during the forum last week on Tuesday at the Council House, Birmingham City Council, UK.
The forum was organized by the High Commission of the Republic of Uganda in London in conjunction with Uganda’s Honorary Consul to Leicester and the Midlands.
During the event, Lord Popat went ahead to call upon high profile business men and women to look at Africa as a game changer for investment as the UK Government stands ready to assist any UK business that is ready to do business with Uganda. He said Uganda in particular is a fantastic market that is very ripe for investment.
“If you want to raise your export game, open your eyes and see Africa for what it is, not what you fear it is. Uganda is a fantastic market; I call on you to put together the best possible proposals to win contracts,” Popat said.
“Uganda is investing in major infrastructure projects, we (UK) have some of the best in construction, design and engineering so let’s get them to Uganda. I visited Kampala, Uganda last year with an Oil & Gas delegation from the UK. Two of those companies have been shortlisted to build a pipeline in the region of $2 billion, he continued”
By Joseph Semuju
Community Manager - AMO
African Mobilities Observatory - AMO, MICHELIN.