Uganda’s $270-million lakeside logistics complex, a strategic addition to the East African nation’s oil infrastructure, is set to start operations in January.
The project is expected to help halve freight costs by moving most of the transportation of petroleum products between Kenya and Uganda from the roads to the lake, according the company’s board chairman, Michael Mukula. Shareholders in the venture include Mahathi Infra Services Pvt of India, Nairobi-based Siginon Group, an engineering firm and local company Fortune Energy.