Wed, 25-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Uganda Gears to Set up First Nuclear Plant in East Africa for $9 Billion

    Eunniah
    By Eunniah Mbabazi
    - October 13, 2022
    - October 13, 2022
    African Wall StreetEnergy
    Uganda Gears to Set up First Nuclear Plant in East Africa for $9 Billion

    Uganda is seeking potential partners in the coming year to develop East Africa’s first nuclear power plant. The project, expected to cost as much as $9 billion, seeks to boost the country’s electricity generation.

    The government is working with China, Russia and the U.S. as it seeks investors, according to Energy Ministry Permanent Secretary Irene Batebe, adding that construction of the 2,000-megawatt plant, which could be operational by 2031, may occur in two phases due to the expected cost.

    Uganda relies heavily on hydropower and is trying to diversify its generation mix.

    Generation from other sources will help bridge expected spike in energy demand by 2040, according to the government. Currently 57% of the country has access to electricity, with 19% connecting to the national grid and the remainder using local resources including solar. 

    See Also:

    Kenya to Build $5 Billion Nuclear Power Plant in Tana

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa