By Spy Uganda
Head of State House Investors Protection Unit, Col. Edith Nakalema has convened a high-level meeting to provide strategic guidance and institutional support to investors of Livingstone Construction Limited, as the company advances plans to significantly expand its investment footprint in Uganda.
The investors, led by Mr. Song Wanju, Chairman of Seohyun Foundation Uganda and Livingstone Construction Limited, are exploring large-scale investments in energy and industrial development aimed at boosting Uganda’s economic growth and power generation capacity.
The meeting brought together senior government officials and representatives from key institutions, including Mr. Bongsuk Koh, CEO of PPGS Co. Ltd; Mr. Neon Sekye, Secretary of Seohyun Foundation Uganda | Livingstone Construction Limited; Maj. Gen. David Wakaalo, Director of Operation Wealth Creation; officials from the Uganda Investment Authority (UIA), National Environment Management Authority (NEMA), Ministry of Finance, Ministry of Works and Transport, Uganda Revenue Authority (URA), and the Uganda Free Zones and Export Promotions Authority. Also present was Eng. Emmanuel Sande Nsubuga, Principal Energy Officer from the Ministry of Energy and Mineral Development.
Col. Nakalema thanked the investors for choosing Uganda as their preferred investment destination and assured them of full government support throughout the investment process. She emphasized the importance of close coordination among government ministries, departments and agencies (MDAs) to ensure a secure, transparent and seamless investment environment.
She further reaffirmed the commitment of SHIPU to coordinate relevant MDAs to address investor needs promptly and eliminate bottlenecks, both for domestic and foreign investors.
During the meeting, Mr. Song Wanju and Mr. Bongsuk Koh outlined plans for a proposed USD 3 billion investment, which includes the establishment of a 5-gigawatt (5GW) energy plant in various locations across the country. The project is expected to make a significant contribution to Uganda’s national grid and strengthen the country’s overall power generation capacity.
In addition, the investors plan to develop a 500-acre Korean Industrial Complex in Mukono, which is projected to attract manufacturing enterprises, create jobs and promote technology transfer.
Government officials welcomed the proposed investments, noting their potential to support industrialization, enhance energy security and accelerate Uganda’s socio-economic development.
