THE Kagera Regional Commissioner (RC), Mr John Mongela has appealed to local and foreign investors to plan for massive investment and benefit from opportunities available region.
Mr Mongela said the region has great
potential for investments in commercial farming, tourism and processing
industries due to its abundant resources and potential markets in
neighbouring Burundi, Democratic Republic of Congo (DRC), Rwanda and
Uganda. He told the ‘Daily News’ in an interview that Kagera Region was a
hub in the Great Lakes Region where investors will benefit by
exploiting abundant resources
“People should exploit and penetrate
East African Common Market,” he noted. The region is endowed with
abundant tourist attractions which have not been effectively tapped and
developed due to lack of promotion and low investment in the sector. He
elaborated that the Multinational Rusumo Project, expected to boost
power supply to the national grids of Rwanda, Tanzania and Burundi, will
begin this year.
Preparations of the project were in the
final stages and it was set to begin soon, he said adding that the
executive director has already been appointed.
The World Bank and African Development
Bank have provided funds for the project, which is expected to begin
with construction of a modern hydroelectric power plant that will
generate 80 megawatt to be shared equally among the three countries,
this year.
“The objective of the Regional Rusumo
Falls Hydroelectric Project is to increase power supply to national
grids of the three countries,” he said, calling on the business
community to correspondingly prepare for massive investment to process
farm produce for local and export markets,”.
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