The investor has ring fenced over twenty islands on Lake Victoria. He is guarded by armed Uganda soldiers. The investor tells whoever approaches him that he has documents to prove that he bought the Lake from the government without the will of the people. 

The islands which were sold to an investor include Damba, Taave, Kimmi, Mbivu, Bulago, Bubembe and Sowe. The investor has already ring fenced the area and commanded the residents to vacate the islands.

The investor moves with a fleet of soldiers whoever he goes and several people have been arrested for opposing the sale. The MP for Buyikwe South, Lulume Bayiga says that the investor reportedly confiscates property and beats up the residents who have refused to vacate the area.

The members of opposition in Uganda led by Col. Kiiza Besigye have all along been telling people that Lake Victoria was sold without the consent of the citizens of Uganda.

The post Part of Lake Victoria sold to an investor for fish breeding first appeared on Uganda Multimedia News & Information.

He is guarded by armed Uganda soldiers. The investor tells whoever approaches him that he has documents to prove that he bought the Lake from the government without the will of the people. 

The islands which were sold to an investor include Damba, Taave, Kimmi, Mbivu, Bulago, Bubembe and Sowe. The investor has already ring fenced the area and commanded the residents to vacate the islands. The investor moves with a fleet of soldiers whoever he goes and several people have been arrested for opposing the sale. The MP for Buyikwe South, Lulume Bayiga says that the investor reportedly confiscates property and beats up the residents who have refused to vacate the area.

The members of opposition in Uganda led by Col. Kiiza Besigye have all along been telling people that Lake Victoria was sold without the consent of the citizens of Uganda.

By James Okello

The post Part of Lake Victoria sold to an investor for fish breeding first appeared on Uganda Multimedia News & Information.

Sources inUganda’s Ministry of Trade and Industry have informed our reporters that delegations have Indian business persons have toured East African countries and have already expressed willingness to put more capital inUgandaamong other EAC states.

Trade Minister Amelia Kyambadde says thatUgandais now an investor final destination because of the good investment climate and good political atmosphere in the country.

Kyambadde says that although there are many Indian companies inUganda, others are still willing to put their capital inUganda. She says that Indians are willing to bring their advanced technology in agriculture and manufacturing toUganda.

The post Indian companies eye Uganda, Kenya, Rwanda, Tanzania, Burundi, East Africa countries first appeared on Uganda Multimedia News & Information.

The workers at Bobi Wine’s beach in Busabala have told this reporter that their boss Bobi Wine showed off several dollars estimated to be one million US dollars.

 Remember that Bobi Wine is one of the richest singers inUganda, head of Firebase Crew and owns a number of buildings and houses withinKampalaand Wakiso.

 Bobi Wine has also informed us that he is not short of cash since he is the Ghetto president and an investor.

Bobi Wine says that he has accumulated some wealth and he can afford to use some of the money has bed cover.

By James Okello

The post Bobi Wine poses in house full of dollars first appeared on Uganda Multimedia News & Information.

Sources in Uganda’s Ministry of Trade and Industry have informed our reporters that delegations have Indian business persons have toured East African countries and have already expressed willingness to put more capital in Uganda among other EAC states.

Trade Minister Amelia Kyambadde says that Uganda is now an investor final destination because of the good investment climate and good political atmosphere in the country.

Kyambadde says that although there are many Indian companies in Uganda, others are still willing to put their capital in Uganda. She says that Indians are willing to bring their advanced technology in agriculture and manufacturing to Uganda.

By Walakira Nyanzi

The post Indian companies eye East Africa first appeared on Uganda Multimedia News & Information.