12 °c
London
Monday, February 6, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Uganda breaks ground for the construction of Busia Border Export Zone

Staff by Staff
August 14, 2020
in Africa, COMESA, Construction, Development, Export, Trade, Uganda
Reading Time: 2 mins read
838 26
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The government of the Republic of Uganda led by Amelia Kyambadde, the Minister of Trade Industry and Cooperatives, has broken grounds for the construction of Busia Border Export Zone in Busia, a town located in the Eastern Region of Uganda at the border with the neighbouring Republic of Kenya.

The construction works of the project, whose procurement process has already been finalized, will be undertaken by local firms that include BAM Construction & Surveyors Ltd, and Global Trust Consults Ltd within a period of not more than five months from the date of commencement.

The project is partly funded by the European Union, which through COMESA, has already provided a grant of over US$2M to the trade ministry to commence the works.

The Busia Border Export Zone is one of five more export zones planned to be constructed at Malaba, Katuna, Oraba, Lwakhakha, and Elegu at a total cost of over US$108M. They will consist of warehouses, commercial buildings, and a central market as well as other export/import related facilities.

Also read: Africa’s 1st electric bus plant will industrialize Uganda and fight pollution

Importance of the Border Export Zones
The proposed export zones are expected to promote regional trade through increased and faster cross border flows of export goods and services, as well as increased export earnings as a result of improved trade infrastructure and capacity building to the cross-border traders.

They are also expected to provide employment opportunities in the course of construction and upon completion, and they are also expected to promote investment through Public-Private Partnerships.

According to the Minister of Trade Industry and Cooperatives, some private entities have already come forward and they are looking to invest at the designated border export zones. She said that, PELA Commodities, in particular plans to establish grain driers, a warehouse, silos, milling machines, and other value addition equipment at Busia.

Source: Construction Review Online

Related

Tags: BAM Construction & Surveyors Ltdborder export zonesBusia Border Export ZoneconstructionGlobal Trust Consults LtdPELA Commoditiespublic-private partnershipsUgandaUganda breaks ground for the construction of Busia Border Export Zoneугандаأوغنداウガンダ烏干達
ScanSendShare346Tweet216Share60Pin78Send
Staff

Staff

Related Posts

UK-Africa Investment Summit 2020: ‘Partners for prosperity’
Finance

British International Investment appoints head of Africa

by Africa Global Funds
February 6, 2023
Development

AfDB approves US$50M and €50M for ECOWAS EBID food security and agriculture

by Fabio Scala
February 6, 2023
IMF, World Bank say Africa to get US$57B from official creditors in 2020
Private Equity

Phatisa invests in MHL

by Africa Global Funds
February 6, 2023
Fintech

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

by Web3Africa
February 5, 2023
Travel

Is travelling to Zimbabwe expensive? The truth

by See Africa Today
February 5, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

UK-Africa Investment Summit 2020: ‘Partners for prosperity’
Finance

British International Investment appoints head of Africa

by Africa Global Funds
February 6, 2023
0

British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has appointed appointment Chris Chijiutomi as MD,...

Read more

AfDB approves US$50M and €50M for ECOWAS EBID food security and agriculture

February 6, 2023
IMF, World Bank say Africa to get US$57B from official creditors in 2020

Phatisa invests in MHL

February 6, 2023

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

February 5, 2023

Is travelling to Zimbabwe expensive? The truth

February 5, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,778 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?