Modern market worth 40bn set for construction
Landlords of Mbarara City’s Makhansingh Market have announced plans to construct a state-of-the-art market complex valued at UGX40 billion following the demolition of the old structures. The new development aims to modernize the market and enhance trading facilities in the area.
The planned market will feature 653 units, including kiosks, shops, offices and is expected to serve over 5,000 people. The project is spearheaded by the Mbarara Makhan Singh Market Landlords Association, which has mobilized support from various financial and development partners.
During a meeting held at the market site, Tom Mukundane, the Association chairperson, revealed that several partners including Exim Bank, the African Development Bank and the Alliance for a Green Revolution in Africa (AGRA) have pledged their support to bring the project to fruition.
In her remarks, Jackline Kankunda, Deputy Resident City Commissioner, commended the landlords for their initiative to develop the market. She assured the association of the security agencies’ commitment to safeguarding the project against any acts of sabotage, emphasizing the government’s support for the development initiative.
This project is seen as a significant step towards modernizing Mbarara’s trading infrastructure and boosting economic activity in the region.
