On 18th January 2006, the Government of the Republic of Uganda signed a comprehensive Memorandum of Understanding (MoU) with Kagera Eco-Cities Limited, authorizing the development and construction of Sseesamirembe Eco-City: Lake Victoria Free Trade Zone.
- The MoU offers fiscal and administrative incentives.
- Domiclie companies exclusively operating in the Free Trade Zone are exempted from Income Tax, Customs Duties, Corporate Income Tax and Value Added Tax (VAT).
- Lake Victoria Free Trade Zone was granted powers of a municipality and a charter based on international best practices of governance that ensure Red Tape and Corruption Free (RTCF) administration.
- The Eco City has the power to enact ordinances that are in harmony with the Constitution of the Republic of Uganda, so as to ensure that development is controlled and occurs in an ecologically friendly and orderly manner.
An Aroma For Business - The Story Of 4D YANTAI Condom Factory.
The CEO and a technical team of 4D Yantai Condom factory - manufacturers of new types of condoms that effectively block the transmission of HIV and other viruses to the human body - recently visited Uganda
The New Hong-Kong in Africa
On the 12th of August 2008 Kagera Eco-Cities Limited (Uganda) and Paradise International Investment Limited (China) signed a Memorandum of Understanding at Kampala Serena Hotel, witnessed by several Ambassadors and Government dignitaries.