From The New Vision, Kampala, Uganda
By David Muwanga
MANUFACTURERS have started relocating to Kenya and Tanzania due to the high costs of doing business in Uganda, the acting executive director of the Uganda Manufacturers Association (UMA), Dr. Bruno Emwanu, has said.
“Two big steel companies have reduced production in Uganda and moved to Tanzania and Kenya. Some companies now use Uganda just as a warehouse,” Emwanu said.
“For example, Bata relocated to Kenya and uses Uganda as a warehouse,” he added.
“In the region, Uganda’s tax competitiveness is being lost to partner states and is leading to diversion of existing and intended foreign direct investments. The Government must change the tax policy in this year’s Budget to reduce the tax burden,” Emwanu suggested.
Read more:
http://www.newvision.co.ug/D/8/220/622126
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