President Yoweri Kaguta Museveni is set to officially launch the Yobayi Cement Factory, a US 300 million dollar facility in a move that signals a new era for Karamoja Sub-region and Uganda’s industrial growth.
The State of the Art cement plant in Moroto Municipality is a landmark investment set to reshape Uganda’s manufacturing sector as well as unlock new economic potential in the Karamoja Sub-region.
The ceremony is expected to attract several dignitaries and investors from the region as well as key investors in Africa who will incude cabinet Ministers, Permanent Secretaries Departments and Agencies, private sector leaders, cultural and local leaders from across Karamoja Sub-region.
With an investment of over US 300 million dollars, the Cement plant is one of the largest industrial investments in Northern Nganda and it’s establishment marks a turning point for Karamoja, a region that has long been associated with insecurity and underdevelopment.
It is estimated that in it’s phase one operations the plant produces over 6000 tonnes of clinker cement daily.
The Karamoja Sub-region is steadily opening up to investment, jobs and infrastructure and the factory is expected to reduce Uganda’s reliance on imported clinker by more than 2.5 million tonnes annually.
Industrial players say increased local production will stabilize cement supply and could ease prices overtime, supporting Uganda’s fast growing construction sector.
Beyond numbers the impact is being felt in the ground, communities in Moroto District and Municipality are securing new economic activity, improved household incomes and a renewed optimism about the future.
The event will also highlight Karamoja Region’s identity as it takes central place in Uganda’s industrial journey.
