• About
  • Advertise
  • Privavcy & Policy
  • Contact Us
Friday, May 27, 2022
High First Media
Advertisement
ADVERTISEMENT
  • Home
  • News
    • Local News
    • Africa
    • International News
  • Politics
  • COVID-19
  • Business
  • Education
  • Technology
  • Entertainment
  • Sports
No Result
View All Result
  • Home
  • News
    • Local News
    • Africa
    • International News
  • Politics
  • COVID-19
  • Business
  • Education
  • Technology
  • Entertainment
  • Sports
No Result
View All Result
High First Media
No Result
View All Result

Uganda gets euros 2m for border export zones.

September 1, 2020
in Business
2 min read
0
Uganda gets euros 2m for border export zones.

hon. amelia kyambade minister of trade industry and cooperatives

Share on FacebookShare on Twitter

The trade and cooperatives minister Amelia Kyambadde confirms securing Euro.2M for the construction of seven free border export zones with construction slated to start in October 2020.

The Free border export zones which are to help Uganda harmonize regional markets will also facilitate the increase in export earnings, value addition, provide employment promote investment through public private partnerships among others.

The minister further notes that the euros 2M are a grant from the European Union and its meant to be utilized within a given period without failure.

Each of the seven border export zones will cost minimum of UGX.400M.

Between 2014-2019 the Ministry using funds (EUR 1.26m) under the Regional Integration Implementation Project (RIIP) supported by COMESA conducted environmental impact assessments, and developed master plans, architectural designs, BOQs and construction tender documents for Katuna, Lwakhakha, Busia, Oraba, Elegu, Kikagate.
In the Second Phase of the RIIP Project which started in 2018, BEZ is allocated EUR 1.7 million to develop start up facilities on each of the BEZ sites as prioritized by the districts. Consequently, the Ministry finalised procurement of contractors to construct
venture facilities at each site to attract more public private investments to the sites.
In the last three weeks of August 2020, I have launched the construction of investment venture facilities at
a. Lwakhakha- a central market and related facilities

b. Busia,- aware house and related facilities

c. Oraba- a commercial building and extension of electricity and other related facilities

d. Katuna- a ware house and related facilities

These facilities will be ready for use by close of this year.
In addition, Government has secured USD $2 million from the World Bank under the Great Lakes Trade Facilitation Project (GLTFP) for the development Mpondwe BEZ (Kasese District) and preparation of feasibility studies for Bunagana BEZ (Kisoro District). The procurement process for the development of Mpondwe BEZ is ongoing and construction will commence in October 2020.

Full scale development of the all the 18 sites is scheduled for the period 2021/22 to 2029/30 in line with the Project Proposal

currently before the Development Committee of the Ministry of Finance.
The BEZ program is key to positioning Uganda’s exports into the region and driving the development goals of the country including import substitution and wealth creation. The relevancy of the project has become even more paramount at the outbreak of COVID19 Pandemic. BEZ provides opportunities to continue trading regionally amidst COVID19 measures. The storage and warehousing facilities to be established in the BEZs will facilitate and ease movement of goods across the borders.
I implore the business community to invest in the Border Export Zones and take advantage of the facilities Government is putting in place.

High First Media

High First Media

Do you have a story, documentary, news, special report and edition in your community or an opinion to share? Email us at highfirstmedia@gmail.com . You can also call us on +256776844702 or Whatsapp us on +256703030317

Related Posts

Impact on East Africa Chamber of Commerce Trade and Investment Summit- Texas

Impact on East Africa Chamber of Commerce Trade and Investment Summit- Texas

October 14, 2021
Government To Fiance IMF Loan For 3 Years.

Government To Fiance IMF Loan For 3 Years.

June 30, 2021
No tax on bank withdraws.

No tax on bank withdraws.

February 16, 2021
Uganda Pledges To License 2 Islamic Banks

Uganda Pledges To License 2 Islamic Banks

January 8, 2021
Tourism Sector Using Digital Platforms To Attract Tourists

Tourism Sector Using Digital Platforms To Attract Tourists

December 10, 2020
Banks Post Shs874Bn Profits Despite COVID-19 Pandemic .

Banks Post Shs874Bn Profits Despite COVID-19 Pandemic .

December 1, 2020
Next Post
No tax payers accountability- kcca

No tax payers accountability- kcca

Please login to join discussion
  • Trending
  • Comments
  • Latest
Anite sets tough conditions for Ayume ahead of General Polls

Anite sets tough conditions for Ayume ahead of General Polls

September 16, 2020
Changes in NRM EC roadmap

Changes in NRM EC roadmap

August 27, 2020
After unveiling rocket mouthed journalist Bbwaddene Basajjamivule, the ruling National Resistance Movement party could yet again add to the number of it’s ever growing recruits from the Kamwokya based National Unity Paltform (NUP) opposition party. Unconfirmed reports coming in reveal that President Museveni chief fisherman Balaam Barugahara could yet again be on the verge of landing a very big fish for his master in the name of none other than the popular NUP singer Hillary Kiyaga aka Hilderman. The Mazongoto singer was set to challenge Trade Minister Amelia Kyambadde for the Mawokota MP seat before he reportedly chickened out in favor of a mega deal dangled before him by the cunning Museveni fixer Balaam. Hill Water It has been reported that the powerful Minister had over the last few months courted the events promoter Balaam in a bid to convince him plead with Hilderman to drop his parliamentary bid in exchange for some juicy offer from the ruling side. After a long period of playing hard to get, we have established that Hilderman, one of the few musicians that have stayed by Bobi Wine’s side through thin and thick has finally succumbed to Balaam’s trickery, giving up on his strong ally in the process. It’s also reported that Mr Kiyaga was set to meet the President in the past couple of days but the busy political schedule with the CEC and this week’s NRM primaries have continuously led to the deferral of the program. We have since learnt that a meeting between Hilderman and the President is on schedule before a mega announcement that would most certainly leave the NUP boss – Bobi Wine nursing a broken spine.

Singer Hilderman reportedly dumps Bobi Wine’s NUP for NRM

September 1, 2020
Bobi Wine (in red) and Bebe Cool

Bebe Cool speaks out on Bobi Wine’s academic qualifications

August 26, 2020
Power-basketball-1

FUBA confirms there will be no league basketball in 2020

0
Ugandan man who killed rare gorilla condemned to 11 years in prison

Ugandan man who killed rare gorilla condemned to 11 years in prison

0
Kabale NTC

Kabale national teachers college to get Ugx 8.5b face lift

0
Bobi Wine (left) and Ronald Mayanja (speaking)

Ronald Mayanja has rejoined National Unit platform under people power movement

0
EAC Member States Should Jointly Restructure Agricultural Systems

EAC Member States Should Jointly Restructure Agricultural Systems

March 2, 2022
Kadaga Commissions Feed Processing Plant

Kadaga Commissions Feed Processing Plant

March 2, 2022
Uganda’s Role in the East African Community

Uganda’s Role in the East African Community

October 19, 2021
Impact on East Africa Chamber of Commerce Trade and Investment Summit- Texas

Impact on East Africa Chamber of Commerce Trade and Investment Summit- Texas

October 14, 2021

Welcome to High First Media News, a source for up-to-the-minute news, breaking news, video, audio and feature stories. We provide trusted local and international news.

News by Category

  • Africa
  • Business
  • COVID-19
  • Crime
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Football
  • Health
  • International News
  • Local News
  • News
  • Politics
  • Sports
  • Technology
  • Video

Contact Information

Telephone: +256703030317

Telephone: +256776844702

Email: highfirstmedia@gmail.com

Newsletter

  • About
  • Advertise
  • Privavcy & Policy
  • Contact Us

© 2020 High First Media - All rights reserved. Website designed by FontFill.

No Result
View All Result
  • Home
  • News
    • Local News
    • Africa
    • International News
  • Politics
  • COVID-19
  • Business
  • Education
  • Technology
  • Entertainment
  • Sports

© 2020 High First Media - All rights reserved. Website designed by FontFill.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected !!