21November2017

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A Ugandan firm is among nine companies that have expressed interest in the rehabilitation of the Kilembe mines in Kasese. The other eight that submitted bids which were opened on Friday at the Privatisation Unit offices are from the UK, China, Canada, Australia and Zambia.

The opening of the bids marks an end to the first phase of the project, in which the Privatisation Unit invited the expression of interest in the one-time shining mine. At the start of last month, companies were invited to re-confirm their interest; the deadline was then extended to the period of November 21 to December 15.

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Uganda has invited bids for the restart of production at its Kilembe copper mines near the border with the Democratic Republic of Congo (DRC) and expects the winner to invest about $100 million in the project. The mine was abandoned in the early 1980s due to political turmoil and lower copper prices in global markets.

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NAMBOLE sports complex was a year ago in a terrible state. Police service men who had earlier stayed at the complex had vandalized it. Several sections of the 14 year facility had also started giving way to wear and tare. A $3m (sh7bn) Chinese grant has however given the stadium a major facelift. The main athletics track has been resealed and marked. Tartan has also been laid on the training track that was previously tarmacked.

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Electro-Maxx, the first locally-owned power producer, has received $35m (sh91b) loan from Stanbic Bank Uganda to expand its Tororo-based heavy-fuel thermal plant, demonstrating long-term partnerships needed to resolve Uganda’s energy crisis. The money will be used to double the plant’s capacity to 50 megawatts (MW) from the current 20MW. This will increase electricity supply to the national grid that will reduce load-shedding.

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