Thursday, February 22News That Matters

Investors Lose Over 500 Acres of Land To Government

Government of Uganda through the minister for investment and privatisation Evelyn Anite has withdrawn land allocated to five investors in the Namanve industrial park and it has been dormant for the last 10 years. At her visit to the Nama ve industrial park, the Minister of State for Investment and Privatisation, Ms Evelyn Anite, discovered that beneficiaries, including government agencies, had fenced off empty sites, while others had not done anything about their industrial plots. and Some of the investment plots had been turned into football pitches.

“Government can non allow non compliance because we gave out for free so that it benefits our people through getting jobs.” Anite said. At the news conference held at Namanve industrial park, Anite expressed her dismay to some investors who play delaying tactics by suing the government resisting the government position of taking the land from the “such non compliance holds back the ability of Uganda reaching the middle income status and also hinders Job creation to Ugandans” Anite Noted .She continued to warn those who ran to court that this time they will have to pay damages in case government win them.
Anite also warned investors who acquired land in the industrial and business parks across the country to desist from leasing off the land which they acquired freely from the government.She singled out the Tirupati investors who are fond of hawkering government land to buyers

Morrison Rwakakamba the Chairman Uganda Investment Authority appealed to investors who acquired the investment land to deliver, because the government has a backlog of over 500 investors with capital to invest and create jobs to Ugandans but have no space.
Surgipharm, Tirupati, Zamburi holdings, Devine Oils and Mariana agencies are among the affected firms and their land totalling to 70 acres has been allocated to other serious investors.

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