HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

Uganda's Finance Minister inaugurates Free Zones Authority Board

Published on May 14, 2015

Uganda's Finance Minister Matia Kasaija has tasked the newly-formed Uganda Free Zones Authority (UFZA) to create a friendly environment for investors in a bid to increase the country's exports and create jobs for the unemployed youth.

Speaking last Friday during the swearing-in ceremony of UFZA's board of directors at the ministry of Finance, Planning and Economic Development, Kasaija appealed to the six-man team to reduce on the red tape associated with approving projects from foreign investors.

"You are the pioneer team that is charged with the responsibility to spearhead the development of a new concept in this country - the development of free zones. Please provide a law that makes an environment free of long bureaucratic processes," Kasaija said. Read more. Source | allAfrica