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Free zones body requires Shs400b to develop plan

Published on December 21, 2016

In order to acquire land and start actual work on the development of Free Trade Zones in Uganda, the authority responsible for the establishment could require funding of up to Shs400 billion. 
Established in 2014, the Uganda Free Zones Authority (UFZA) was meant to attract export-oriented investments to Uganda that would be given specific tax incentives.

While launching the 2015/16 – 2019/20 Strategic Plan in Kampala on Tuesday, Mr Richard Jabo, the executive director UFZA, revealed that implementation will require funding of between Shs360 billion and Shs400 billion over the next five years. Read more. Source | Daily Monitor