UK company plans to invest sh48b
Oct 20, 2008
ENOVA Healthcare, a UK-based company, is to set up a 15m pounds (sh48b) pharmaceutical plant in Uganda, the chief executive officer has said.
By David Muwanga
ENOVA Healthcare, a UK-based company, is to set up a 15m pounds (sh48b) pharmaceutical plant in Uganda, the chief executive officer has said.
“We looked around the country and identified a need for a pharmaceutical plant. The investment will cost between 10-15m pounds. We shall be back in a couple of months to start the project,†Ashwin Patel said.
Patel, who came with others from Canada, is one of the 70,000 Asians who were expelled by the late president Iddi Amin Dada in 1972.
Their return to Uganda is being coordinated by Experience Uganda, a company that was started last year to market Uganda’s investment opportunities and encourage the Asians to return.
Their visit to Uganda follows a visit by President Yoweri Museveni to the UK last September. During the visit, Museveni assured the investors who want to do business in Uganda that no one will ever expel them again since they are protected by the Constitution.
He also assured them of incentives like a 10-year tax holiday.
ENOVA Healthcare, a UK-based company, is to set up a 15m pounds (sh48b) pharmaceutical plant in Uganda, the chief executive officer has said.
“We looked around the country and identified a need for a pharmaceutical plant. The investment will cost between 10-15m pounds. We shall be back in a couple of months to start the project,†Ashwin Patel said.
Patel, who came with others from Canada, is one of the 70,000 Asians who were expelled by the late president Iddi Amin Dada in 1972.
Their return to Uganda is being coordinated by Experience Uganda, a company that was started last year to market Uganda’s investment opportunities and encourage the Asians to return.
Their visit to Uganda follows a visit by President Yoweri Museveni to the UK last September. During the visit, Museveni assured the investors who want to do business in Uganda that no one will ever expel them again since they are protected by the Constitution.
He also assured them of incentives like a 10-year tax holiday.