Investment Opportunity
06 June 2008
The SEZ will work with local and international partners to enhance potential and existing industrial business and with corporate operators to assist in the growth of their businesses.
Relationships with stakeholders and community groups will be developed as well as working with service providers, security agencies and Customs and Immigration departments to facilitate a strong customer service orientation. The SEZ management will establish and maintain an effective working relationship with the municipality of Jinja
Prospective Financials
The projection of financial positions, results of operations, and cash flow, assumes equity financing of approximately $200 Million on December 1, 2007. The commencement of the expected results of operations and cash flow for the projection period will be January 1, 2008.
Accordingly, the projection will reflect management's judgment as of December 2002, the date of this projection, of the expected conditions and its expected course of action. It is expected that differences between projected and actual results might result from events and circumstances that frequently will not occur as expected, and those differences might become material.
Market
The global market for IT services is worth oWne trillion US Dollars. Uganda enjoys preferential access to the European Union, United States of America, Canada and Japan for the generalised system of preferences. Further, bilateral trade and investment agreements with the United Kingdom, Italy, Kenya, Tanzania, South Africa, Egypt, India, China, Germany, the Netherlands, France, Denmark, Mauritius, Switzerland, and other countries offer a market opportunity for the IT products from Uganda.
At regional level, Uganda is a member of a number of economic arrangements. Uganda is a member of the common market for eastern and southern African states (COMESA), a market of 20 countries and over 380million people. The trade volume of COMESA by the end of 2005 was in excess of US$ 90billion, 47% of which was exports. Reduced tariffs in Uganda make the country and therefore the products competitive.
Therefore the decision of LAVIT to invest in this mega project not only responding to the call by government of Uganda where a conducive investment regime has been offered with a variety of allowances that contributes to the competitiveness of the product, but rather responds greatly to the existence of a global market. This plan therefore will among other things establish mechanisms that will permit the penetration of the mega market by putting emphasis on product quality and their cost in the market.
