Seated on about 2,200 acres, the Kampala Industrial and Business Park (KIBP), Namanve is the biggest industrial park in Uganda and is one of 25 industrial and Business Parks which will support Uganda’s industrial agenda.
Speaking at the stakeholder engagement with over 300 investors today, Hon. Eveyln Anite, the Minister of State Privatization and Investment stressed the need to understand the challenges that investors are facing & collectively finding solutions to those challenges saying,” When you invest in Uganda, one of the benefits you gain is free land within the industrial parks which then facilitates the investment process. Ultimately, we want to find workable solutions you face so that we can continue promoting an environment in which businesses can grow and thrive.”
60% of the investors in KIBP are domestic investors and the park will host about 500 factories when fully operational.
“One of our roles it to facilitate our investors so that they can prosper. When they are successful, they will tell their stories and when they do, they give evidence and testify that investing in Uganda pays off,” said Morrison Rwakakamba, Chairman of the Board, UIA at the same event.
Mr. Angello Izama, Member of the Board said “We are in an era when more collaborative efforts are being taken to find solutions for clients both across the government and private sector. By combining our efforts, we will find solutions that last.”
The investors raised concerns to do with getting business licensing, security, access to utilities, roads and reducing the cost of doing business in general.
“The Authority is focussed on reducing the cost of doing business in the industrial park by providing fully serviced and operational industrial and business parks. This will translate into a reduction in business costs for investors. Additionally, we have a fully functional one stop centre for investors with 13+ agencies at the UIA. This allows us to do the back end work the investor so that they can concentrate on what they do best- making money,” concludes Robert Mukiza, Director General, UIA.
The KIBP infrastructure development project is currently underway to transform KIBP into a fully serviced and operational industrial and business Park. The project, which is funded, in partnership with Government of Uganda, by UKEF & Standard Chartered Bank will establish roads, power supply systems, fibre optic networks, CCTV, workspaces for SMEs & more.
The Uganda Investment Authority is charged with is charged with encouraging, promoting and attracting investment to Uganda from both domestic and foreign investors.
Over 300 investors meet with UIA at Kampala Industrial and Business Park, Namanve
Seated on about 2,200 acres, the Kampala Industrial and Business Park (KIBP), Namanve is the biggest industrial park in Uganda and is one of 25 industrial and Business Parks which will support Uganda’s industrial agenda.
Speaking at the stakeholder engagement with over 300 investors today, Hon. Eveyln Anite, the Minister of State Privatization and Investment stressed the need to understand the challenges that investors are facing & collectively finding solutions to those challenges saying,” When you invest in Uganda, one of the benefits you gain is free land within the industrial parks which then facilitates the investment process. Ultimately, we want to find workable solutions you face so that we can continue promoting an environment in which businesses can grow and thrive.”
60% of the investors in KIBP are domestic investors and the park will host about 500 factories when fully operational.
“One of our roles it to facilitate our investors so that they can prosper. When they are successful, they will tell their stories and when they do, they give evidence and testify that investing in Uganda pays off,” said Morrison Rwakakamba, Chairman of the Board, UIA at the same event.
Mr. Angello Izama, Member of the Board said “We are in an era when more collaborative efforts are being taken to find solutions for clients both across the government and private sector. By combining our efforts, we will find solutions that last.”
The investors raised concerns to do with getting business licensing, security, access to utilities, roads and reducing the cost of doing business in general.
“The Authority is focussed on reducing the cost of doing business in the industrial park by providing fully serviced and operational industrial and business parks. This will translate into a reduction in business costs for investors. Additionally, we have a fully functional one stop centre for investors with 13+ agencies at the UIA. This allows us to do the back end work the investor so that they can concentrate on what they do best- making money,” concludes Robert Mukiza, Director General, UIA.
The KIBP infrastructure development project is currently underway to transform KIBP into a fully serviced and operational industrial and business Park. The project, which is funded, in partnership with Government of Uganda, by UKEF & Standard Chartered Bank will establish roads, power supply systems, fibre optic networks, CCTV, workspaces for SMEs & more.
The Uganda Investment Authority is charged with is charged with encouraging, promoting and attracting investment to Uganda from both domestic and foreign investors.