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Gov’t to buy shares in Air Uganda: Museveni, Aga Khan discuss dealPublish Date: Dec 06, 2013
Gov’t to buy shares in Air Uganda: Museveni, Aga Khan discuss deal
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President Museveni meeting with H.H the Aga khan at the Mandarin Oriental Paris Hotel on Thursday
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By Vision Reporter

The Uganda government will buy shares in Air Uganda currently owned by the Aga Khan. This was reached in a meeting between President Yoweri Museveni and H.H the Aga khan at the Mandarin Oriental Paris Hotel on Thursday.


President Yoweri Museveni currently on working visit to France arrived in the country on Thursday evening and was received at the airport by Uganda’s ambassador to France Nimisha Madhivan, MPs Oleru Abason Huda of Yumbe District and Joseph Musinguzi of Ntungamo Municipality.

Air Uganda is largely recognized as the national carrier, following the collapse of Uganda Airlines in May 2001.

Headquartered in Kampala, and with its operations base at Entebbe International Airport, Air Uganda uses a fleet of five aircraft to operate scheduled flights from Entebbe to various countries in Eastern and Central Africa.

MPs Oleru Abason Huda of Yumbe District and Joseph Musinguzi of Ntungamo Municipality attended the meeting.

Meridiana Africa Airlines (Uganda) Limited is 100% owned by the Celestair Group, which in turn is owned by the Aga Khan Fund for Economic Development (AKFED). AKFED also controls Air Burkina and Air Mali, the national airlines of Burkina Faso and Mali respectively, and has an interest in Europe in Meridiana fly.

During the meeting the H.H Aga khan further agreed to construct a modern hospital at Bwebajja on Entebbe Road and constructing a power generating dam to supply power to Uganda, Rwanda and Burundi.

The President thanked the Aga khan for the several investments he has put in Uganda and assured him of government commitment.

The President also met Christophe de Margerie the Chief Executive Total with whom he discussed a number of issues including energy generation.

The President is in France to attend an international conference on peace and security, climatic change and economic development partnership. He will also meet France President François Hollande, address a joint meeting of investors from France and Spain and meet Ugandans who are working in France.

 

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