Travelling in the heart of Kampala, acclaimed journalist, Nikiwe Bikitsha stops by Markh Investments to chat to CEO Maria Namusoke about the opportunities in Uganda.
Founded 12 years ago, Markh Investments is hardly a new kid on the block. A major player in the industry, the company’s roots are firmly cemented in the transport, logistics and construction sector.
However, looking at the transport industry in Uganda, whilst there is some growth – the lack of competition has seen the industry stuck in its infancy stage since inception.
Pinpointing the reasons for slow growth in the transport and logistics industry, CEO Maria Namusoke attributes it to the lack of infrastructure, skilled labour and high interest on funding.
Although the market has a lot of potential, it is currently dominated by Kenyan transporters who seized opportunities during Uganda’s political uprising. With 90% of Ugandan imports handled by Kenyan logistics, there is room for competition to take back the stakes in transport and logistics.
Shifting its focus to construction, Markh Investments currently holds exclusivity in cement supply - with 85% of its business coming from its key partner, Lafarge in the commercial trade sector.
Positive about the discovery of oil, Maria says that the country’s future looks bright – with its government’s strategies geared towards securing investment to improve public infrastructure – the economy can expect a boost.
“There is a lot of growth - the potential is big and the future is bright for us in the construction industry.”— Maria Namusoke, Chief Operating Officer of Markh Investments
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