Uganda Scrambles to Find Investors For Stalled Industrial Park Project After Chinese Partners Drop Out

The fate of the Masaka Industrial Park in southwest Uganda is now in question after Chinese investors, including the provincial government of Sichuan, pulled out of the project. The Chinese side withdrew after they failed to persuade their Ugandan partners to structure the deal as a joint venture rather than a 100% privately-owned investment.

The Chinese partners were to have brought an estimated $300 million to the project. When complete, the park is designed intended to house fresh fruit processing factories, a coffee processing plant, glass manufacturing factories, a vocational school, hospital, and an administration zone.

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by Eric Olander

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