LVFTZA - Trade Zone Authority
The zone's administration is represented by the company, Lake Victoria Free Trade Zone Authority (LVFTZA). At the initial phase of the project, all the administrative and operative functions will be executed by this company.
All day-to-day management operations are done through the office of the Chief Operations Officer (COO) and Deputy Governor, who reports directly to the Chief Executive Officer, (CEO), also known as the Governor.
The administrative department is in charge of all duties related to the daily management of the Zone Eco-City. These include registration and licensing, security, sanitation, inventory management and debt management.
As the zone expands its activities, the administrative department will also expand. The LVFTZA administrative organization shall evolve to five divisions: Administration, Finance, Operations, Marketing, and Planning and Development.
Each one of those divisions will be exclusively in charge of its functional activities, under the supervision of the Chief Operating Officer, who reports to the Governor. The Operations Division shall manage all concession holders and affiliated firms. All operations activities will be managed and executed by companies affiliated to LVFTZA, the Operations Division will be in charge of maintaining a cordial but unified relationship between the affiliated companies and the Authority.
The high standards of maximization and the need for efficiency, demands the adoption of a flexible organizational structure that can evolve at the same rate as the growth rate of the zone's operations. In addition, the diversity of the services to be offered requires the adoption of a decentralized model. Therefore, the overall operation of the zone will be handled by a group of independent companies answerable to their respective Boards of Directors but affiliated with the Lake Victoria Free Trade Zone Authority.
Consistent with its philosophy of environmentally friendly methods of production, the LVFTZA seeks to offer concessions to firms engaged in green power-generation/renewable energy development.
This will be supplemented by solar energy to be tapped from the PV roofing panels of the proposed solar cargo airport terminal and from the planned solar roofs of the wholesale and retail villages.