Uganda Risks Losing Shs924b Cement Investment to Kenya

Kampala — The managing director of Hima Cement has told the Commission of Inquiry into Land Matters that Uganda is at the brink of losing $250m (about Shs924b) investment to Kenya because of difficulties associated with land acquisition in the country.

Mr Nicolas George said Hima Cement's parent company LafargeHolcim took a decision to invest $250m in Uganda, Kenya, Tanzania, Zambia and Zimbabwe.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.