UDC to fund 50% of US$ 150 Million Cement, Marble factory in Karamoja
Uganda Development Corporation (UDC), on behalf of the Government of Uganda will fund half of US$150 million for the setting up of a cement and marble factory in Moroto, Karamoja region.
This committment was made by the Executive Director of UDC, Dr. Patrick Birungi while touring the exploration and drilling activities in Loyoro sub-county in Kaabong District on Thursday 28th October 2021
Dr. Birungi says an assessment by officials from the Department of Geology at the Ministry of Energy and Mineral Development shows that one of the holes drilled so far can sustain an exploration phase for over 20 years.
UDC’s partners Saboo Engineering and Savannah Group say they are ready for the project now that Marble has been confirmed to be in plenty in the region.