Korean Firm Keangnam Plans Power and Housing Investments in Uganda
Rewritten based on the original article from New Vision (Kampala), February 2, 1998:
Koreans Eye Uganda’s Power and Housing Sectors
Source: New Vision (Kampala), February 2, 1998 | Reporter: Joseph Olanyo
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| Aerial view of Uganda |
A wave of Korean investment is reaching East Africa.
Keangnam Enterprises Ltd., a Korean engineering and construction firm, has announced its interest in investing in Uganda’s power generation sector and launching a low-cost housing project, marking its seventh such initiative in Africa.
Keangnam Representatives in Talks With Ugandan Government
Over the weekend, Tae-Ho Moon, Executive Director of Keangnam, and Nam-Hun Kang, Regional Director, arrived in Kampala to explore opportunities for a joint venture with the Ugandan government.
The delegation was received by Muhammad Majyambere, Chairman and Special Advisor of the Uganda National Chamber of Commerce and Industry.
Part of the Daewoo Family, With a Vision for Africa
“We are one of the Daewoo companies, established in 1957,” said Mr. Moon.
Keangnam has already implemented several infrastructure and housing projects across the African continent, positioning itself as a trusted partner for development.
[Image Placement 3: Keangnam logo or a photo of a completed housing project]
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| Company logo |
With a dual focus on energy infrastructure and affordable housing, the firm aims to contribute to both economic growth and social development in Uganda.
Conclusion: Expanding Korea-Africa Economic Partnerships
Keangnam’s interest in Uganda reflects the broader trend of South Korean firms seeking strategic partnerships in Africa during the late 1990s.
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| "South Korea and Uganda Partnership |
Such initiatives may well be seen as early examples of the deepening ties between Korea and the African continent — a story of mutual opportunity and shared progress.
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#Keangnam #UgandaPowerProjects #AffordableHousing #KoreanInvestorsInAfrica #Daewoo #AfricaDevelopment #KoreaAfricaPartnership #Infrastructure #EastAfricaInvestment #UgandaNews #KampalaBusiness #1998DevelopmentNews #life
In 1998, Korean firm Keangnam Enterprises expressed plans to invest in Uganda’s power generation and affordable housing sectors — marking a major step in Korea-Africa cooperation.
