The Serena Group of Hotels, has opened another one in the country.
The Lake Victoria Serena Resort, which is part of the Aga Khan economic empire, lies on an expansive piece of land measuring 275 acres on the shores of Lake Victoria.
The Uganda President Yoweri Museveni, presided over the official opening.
He, however, left shortly after unveiling the plaque on the hotel for the launch of the country’s five-year development plan.
Museveni delegated the trade and tourism minister, Kahinda Otafiire, to represent him.
The resort has 124 rooms and conference facilities. But work is going on to build 54 houses and 90 apartments. Also under construction are a golf course and a marina.
The launch was attended by Cabinet ministers, diplomats, visiting Kenyan government officials, including tourism minister Najib Balala, and members of the Ugandan business community.
Otafiire said Uganda had also resolved to open up Queen Elizabeth, Kidepo and Murchison Falls National Parks for investment.
He said the country has had a shortage of hotels and tourism facilities due to lack of peace.
He also commended the Aga Khan for the investment, saying Ugandan should take advantage of the large East African market to make money.
Otafiire called on members of the East African Community to promote tourism in each other’s countries.
Balala said he and several of his colleagues in the Kenyan cabinet visit tourism sites in the other member countries.
Serena Hotels managing director Mahmud Janmohamed commended the Government for enabling the group to carry out investments in Uganda.
The Aga Khan has investments in banking, insurance, pharmaceutical companies, education institutions, media, housing, and a significant stake in power generation both at the Bujagali and Nyagak power dams.
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