Government gives up Lake Victoria to investors

Government has finalized plans to have a private investor take over Lake Victoria.

The State Minister for Fisheries Ruth Nankabiriwa says the move is aimed at boosting the country’s Gross Domestic Product.

Nankabirwa says private investors will be allowed to come up with activities such as cage farming, beaches and other forms of tourist attractions.

The minister has now advised fishermen who are still operating their businesses on lake shores to prepare and vacate before they are forcefully evicted.

However, environmentalists have opposed to these plans.

The Executive Director of the National Association of Professional Environmentalists Frank Muramuzi says it is risky for the management of the environment to be left in the hands of a few individuals.

He says since many are after making profits, the waters will be degraded with total disregard for conservation.