H.E Museveni on waters, walks on new ferry to launch Lake Victoria Logistics fuel transport Company
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- Опубліковано 2 гру 2024
- President Yoweri Kaguta Museveni has today launched Lake Victoria Logistics, a company aiming at reducing the cost of transporting fuel in Uganda.
Lake Victoria Logistics was founded in May 2015 as Mahathi Infra Uganda with a vision to change the petroleum logistics for Uganda and other landlocked countries like Rwanda, Burundi and DRC that get their oil through Uganda. In 2018, President Museveni laid a foundation stone and today he officially launched the facility.
During the launch at Bugiri-Bukasa, Kawuku-Entebbe Road, President Museveni expressed gratitude to Lake Victoria Logistics/Mahathi Infra Uganda for investing in Uganda.
“I'm very happy about this move. Mahathi you have helped us. I don't know how much cheaper it is because you didn't give us the figures, but I imagine that it is much cheaper than it was. The most important thing is for you to come to the market of Uganda and once you enter our market, you are talking about the market of DR Congo, South Sudan, Rwanda, Burundi and so on. So, this is really a goldmine for investors,” he said.
President Museveni also revealed that the economy of Uganda has been able to grow progressively due to the right strategy of the National Resistance Movement (NRM) government.
“People who don't understand the NRM strategy always miss the point. By 1986, the money economy of Uganda had collapsed, therefore that time, the task was to revive the economy which had collapsed so when you hear people talking of traffic jam and so on, that means the economy has been revived; you cannot have the traffic jam if you people don't have money to buy cars and fuel,” he said.
The President further explained that since the economy of the country has been revived under the NRM government, it was high time, they rationalised it.
“During that phase, we could not handle the other elements of rationalisation, therefore our transport system at the moment is irrational, why? We have got so much traffic on the roads which is not economic but that's not accidental, it is part of the strategy we adopted. The economy is now bigger but with those irrationalities,” he expounded.
“This is the time now to go into rationalisation and this project is part of it. By having fuel getting off the roads, you are targeting that rationalisation of the economy. I'm glad the proprietors and also the Ministers have assured the country about the zero chance of pollution of petroleum in the freshwater lake, it's good that it has been ruled out completely.”
President Museveni also encouraged the investors to develop capacity for other forms of cargo other than fuel.
“I advise you to look for durable areas of investment because right now the recovery phase of Uganda’s economy is finished, everything is there, it is now the rationalisation. You should also bring us other investors who can invest in other sectors,” he said.
The Minister of Works and Transport, Gen. Katumba Wamala said the project will be very vital in reducing the cost of transportation of fuel as well as the cost of fuel in Uganda and the region.
“Your Excellency, my Ministry is responsible for regulating transport of all forms; on road, air and also on water. We have been involved in this project. Our country being land-linked, we have been relying on and continue to rely heavily on road transport for the transportation of our cargo including fuel and petroleum products. This road transport comes along with a number of costs such as high road maintenance costs, fuel adulteration, road accidents, among others,” the Minister said.
The Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa thanked Mahathi Infra for training and offering technical skills to Ugandans working under the project.
The board Chairman of Mahathi Infra Uganda, Dr. Steve Mainda said the transportation of fuel in Uganda has been limited to road transport which has worked for many years but with challenges and inefficiencies.
The facility also has an entirely new logistics ecosystem for the region’s fuel by setting up 14 storage tanks with collective storage capacity of 70,000,000 litres. This is the largest fuel storage capacity in Uganda and in East Africa.”
Dr. Mainda also informed the President that they have set up a 256 metre-long jetty in Bugiri-Bukasa, thus facilitating the berthing of vessels and enabling efficient cargo handling.
The company's former board Chairman, Capt. Mike Mukula thanked President Museveni for the support he has rendered towards the firm.
“This investment will be a major catalyst in reducing the cost of doing business in the country because transport is one of the major cost pushers but Lake Victoria Logistics will tremendously reduce the cost of transport between Kisumu and Uganda and we would like to thank you for your initiative and foresight in enabling UNOC to be the key partner in delivering fuel to the country.”
May God bless our Nation's beloved Grandfather's hardworks in serving the world 🙏
I love Uganda🇺🇬💚🇺🇬
President Museveni and NRM goverment drive for Uganda industralisation also put into consideration its socio-economic implications to the hosting communities.
With this project Uganda will also be taking care of the needs of East African Countries as highlighted by President Museveni
That Uganda is into ship building is a breakthrough in African engineering.
Congratulations to all on this very occasion.
Thank you.
Why Africans don't change lake victoria's name?
Him and Biden they're literally the same age, but the former is more youthful than the later. Shocking!
Are you okay brother?
@@JohnBosco-l3k ofcourse i' am. It's you and the others.
Congratulations my 🇺🇬🇺🇬🇺🇬♥️♥️@CIC Gen Rtrd YKM the president of Uganda long live Raisi wa Inchi # Viva
After 40yrs in power rip m7
He is a genius . I thank God for him
👍👍👍👍🚣🚣🚣🚣🚣
So gwe Ben you don't title his title Mbu Museveni just mind you ye H.E President Museveni
@@tekelaaminah8805 thank you. It has been corrected.
@@Ben-LiveThank you bro for correcting ❤❤
Wamma
He is my lovely Excellence
If you see those all gentleman and woman with good clothes suits and dresses 👗are made in other countries especially chiana and now here are promoting Indians business in uganda not even Ugandans
Thats why you're thinking is trash same people who hate investors but you know Ugandans will be working in that industry the same people will complaining he is employing only Banyankole and then when you find Baganda there then you say their have low jobs, you will never thank President M 7 Because he is not a Muganda , YOU need prayers
Why beating drums? The truth is we are still in a colonial era. We are still doing things would have been done by our fore grandparents. Why jubilating when the president is commissioning ferries?
I think Uganda, notwithstanding the challenges, has come a long way . This is a long term project it will benefit Local and regional economies. The only problem is why this emphasis of market,market transportation. They must benefit the local community first and foremost, not foreigners. Ugandan must move to Kenya and viceversa before the goods.
I think Uganda, notwithstanding the challenges, has come a long way . This is a long term project it will benefit Local and regional economies. The only problem is why this emphasis of market,market transportation. They must benefit the local community first and foremost, not foreigners. Ugandan must move to Kenya and viceversa before the goods.
H.E walks too fast😳😳😳, he walks like he is 40 years just😳😳
Trash
Even try father is trash ,u may find you may find he contributs nothing to the nation ....