Kampala City Council plans to develop Wandegeya market into a satellite city.
City mayor, Nasser Ntege Ssebagala, says KCC is negotiating with a Dutch businessman, Robert Prince, who is interested in funding the development.
According to Ssebagala, the Dutch developer plans to construct one of the biggest shopping malls in East Africa. The complex will have more than 1,000 shops and will also have parking space for more than 2,000 vehicles.
Part of the land on which Wandegeya market is located belongs to the Mengo government.
Sebagala said the development will rid Wandegeya, of slums and raise more revenue for KCC.
He said that KCC is also negotiating with the Mengo government to enter a joint venture agreement, which will allow the developer to develop both KCC and Mengo land.
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The Mengo government spokesperson, Medard Lubega, however denied knowledge of any negotiations going on between KCC and Mengo, regarding the development of Wandegeya market.
Medard Lubega says that the Mengo government intends to develop the market and has invited parties interested to develop the land to submit their bid interests.
Lubega said that the Mengo government will give priority to Ugandan applicants, especially the business men who have been working in the market for a long time.
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