Business 21 May 2026 Uganda Investment Authority
Museveni Backs New Iron Ore Processing Plant
President Yoweri Museveni has expressed strong government backing for a proposed iron ore processing facility destined for Uganda's southwestern region. This initiative is expected to boost the country's industrial capacity. Source: https://ugandainvest.go.ug/president-museveni-pledges-support-for-new-iron-ore-processing-plant
President Yoweri Museveni has publicly committed the government’s support towards the establishment of a new iron ore processing plant. The facility is slated for development in the southwestern part of Uganda, a move anticipated to significantly enhance the nation’s industrial sector.
This pledge signals a proactive stance by the Ugandan government in fostering resource-based industrialization. The development is expected to create employment opportunities and add value to the country’s mineral wealth.
Further details regarding the plant’s capacity, investment, and timeline are expected to be released as the project progresses.
Source: Uganda Investment Authority