Sheraton Kampala Hotel

The project involves the renovation and refurbishment of the recently privatised Sheraton Kampala Hotel. The privatisation was effected on 7 March 2001, through a Share Sale and Purchase Agreement of that date, between the GOU and MIDROC Group of Companies. SKH is the flagship of the Ugandan hospitality industry. The project has a strong developmental impact and it is in one of the priority sectors earmarked for development by the GOU. The project will: (a) save 340 jobs; (b) it will create additional 250 new jobs, 300 secondary employment for contractors, sub-contractors, suppliers, and numerous informal sub-sector employment opportunities for craftsmen and women, artists, and taxi drivers etc. A large number of the employees will be women, whose economic well-being will thus be enhanced by the project; (c) renovation of SKH will increase the foreign exchange earning capacity of the hospitality industry in Uganda and SKH will contribute an estimated US$ 54 million to government revenue through sales and value-added tax (VAT) in the first 10 years. It also contributes to the development of the hotel industry.