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Government sets new terms for land acquisition

Govt through the investment ministry and UIA has set up new tough measures o be followed by any investor be it local or foreign before acquiring land to set up any investment in the country, with the new tough conditions coming as a result of many investors acquiring land from govt and fail to develop it with others selling it to other parties.

Among the measures to be followed before any investor acquires land include, applying for land, project details, proposed amount of project investment in US.D, potential to raise funds, impact of project to national economy, architectural layout, investor track record among others.

The investment minister and UIA boss, Hon. Gabriel Ajedra and Dr. Frank Ssebowa while addressing the media in Kampala, mentioned that the new procedures apply to every investor wishing to acquire land from govt in any part of the country.

Govt insists that land will be acquired after all due processes are followed and fulfilled by the investor who will be leased land as per the laws with only ICT, agro processing, tourism and hotel and mineral beneficiaries accorded special status on lease land acquisition.

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