KAMPALA, UGANDA – Uganda has unveiled a state-of-the-art $100m UniSteel factory in Mbale Industrial Park, solidifying the country’s commitment to industrialization.
The factory, launched by Deputy Speaker Thomas Tayebwa, is expected to create over 3,000 jobs and produce 700,000 tons of steel annually. Chairman Xu Shicun hailed the partnership between UniSteel and the Ugandan government.
“We will adhere to the concept of quality first, safety first, technological innovation, and green development to become East Africa’s leading steel company,” Xu said.
Deputy Speaker Thomas Tayebwa emphasized the government’s commitment to supporting industrialization. “Mbale Industrial Park will drive economic growth, create jobs, and stimulate innovation. We are committed to creating an enabling environment for investors,” Tayebwa said.
Paul Zhang, Chairman of Mbale Industrial Park, praised the collaboration between the Ugandan government and investors. “This milestone demonstrates our collective efforts to transform Uganda’s industrial landscape. We will continue to attract investments and create opportunities for Ugandans.”
Former Energy Minister Irene Muloni noted the factory’s strategic importance. “UniSteel’s presence will reduce Uganda’s reliance on imported steel, promoting domestic production and economic growth.”
To enhance the park’s infrastructure, the Ugandan government has committed UGX 400 billion (approximately $100m) to upgrade roads, water, and sewer systems. This investment aims to position Mbale Industrial Park as a one-stop business center.
The government plans to establish simplified licensing procedures, streamlined tax services, efficient customs clearance, and access to financing options within the park.
Mbale Industrial Park, spanning 607 acres in eastern Uganda, has attracted over $200m in investments since its inception. The park is now home to 26 operational industries, with nine under construction and five at the pre-start stage.
The development is seen as a significant step towards achieving Uganda’s industrialization goals and promoting economic growth.
