M7 commissions new state of the art Tembo Steel Factory, praises the Directors for excellent work

M7 commissions new state of the art Tembo Steel Factory, praises the Directors for excellent work

By Ben Mugisha 

President Yoweri Kaguta Museveni on Saturday commissioned a new state of the art Tembo Steel Factory in Iganga.

The president congratulated Tembo Industries for their significant contributions to Uganda’s development.

“With our high-quality 70% pure iron ore, it is time to reduce dependence on imports and strengthen local industries. We also aim to lower electricity tariffs to 5 cents to support manufacturers,” The President said.

These initiatives such as Tembo Steel contribute to Uganda’s economic growth, job creation and improved living standards.

Tembo Steel boasts of two mega factories in Lugazi and Iganga. The Management has been praised for producing quality work and for employing Ugandans in large numbers.

The president heaped praise on the directors for producing quality throughout the years they have been in the game.

Several dignitaries including Investments Minister Hon. Evelyn Anite, State Minister for Energy Hon. Phiona Nyamutoro, businessmen and Members of Parliament attended the function and praised Tembo Steel for the great work.

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