Economy - 23 August 2026
Minister Directs Investment Agency On Land For Iron Ore Factory
Kampala, August 23, 2026 - A minister directed the Uganda Investment Authority to address land arrangements for a planned iron ore factory ahead of a visit by President Yoweri Museveni, underscoring government interest in mineral value addition.
The proposed factory is intended to process iron ore into high-grade finished products, moving the project beyond raw mineral extraction toward industrial production.
The directive places the investment agency at the center of efforts to secure the land needed for the facility and prepare the project for presidential attention.
For investors, the move signals continued state backing for industrialization and mineral processing, although land access and implementation capacity remain key execution risks.
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