Gov’t Gifts Land To Afreximbank To Construct Trade Centre In Kampala

Gov’t Gifts Land To Afreximbank To Construct Trade Centre In Kampala

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By Spy Uganda

African Export-Import Bank (Afreximbank) has been granted land in Kampala by the Ugandan Government to build an Afreximbank Africa Trade Centre (AATC). The infrastructure will facilitate the flow of trade information and provide trade services across the East Africa Region.

The site, located at Nakasero in central Kampala, will house the landmark trade centre, which will host Afreximbank’s permanent East Africa Regional Office, as well as a world-class hotel, a business information centre, a large conference centre and a technology incubation hub. The Kampala AATC is also set to accommodate other regional, continental and global financial and development institutions.

Among other Afreximbank Africa Trade Centres on the continent, the Kampala AATC will make the Ugandan capital city an intra-African trade hub for the Eastern African region and help to position Kampala as a vital financial services centre.

Mr. Matia Kasaija, Uganda’s Minister of Finance, Planning and Economic Development, handed over the land title to Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, during a ceremony held at the site of the future AATC last week.

“The Government of Uganda is pleased to host the Regional Branch office for Afreximbank. We look forward to a stronger partnership in development of the economic status of this great nation,” said Finance Minister Kasaija.

Afreximbank President Prof. Benedict Oramah, said: “We are grateful to His Excellency, President Yoweri Museveni, his Government, and the people of the Republic of Uganda for all the support rendered to Afreximbank over the years and, indeed, for this land donation.

“We greatly appreciate the hard work and sacrifices that finally brought this grant to fruition. We hope that our planned investment of US$120-150 million on this site, the economic impact it will bring and the opportunities it will create, will justify the sacrifices made.”

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