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Minister Evelyn Anite promises 10 year tax holiday to Sudanese businessmen
Speaking during the same meeting, the Executive director of the Uganda investment authority Joy Kaguhangire said that Uganda would allow investors in its free trade zones not to pay taxes, as long as 80% of what they produce is for export.

Uganda has interested Sudan businessmen in opportunities to invest in agriculture, offering free land, a 10-year tax holiday and the freedom to move profits back to their country.

 

State Minister for Investment Evelyn Anite and government officials met the Sudanese delegation who accompanied their President Omar al Bashir on a two-day state visit.

 

The meeting was held at the Finance Ministry headquarters in Kampala, and some of the participants included Sudanese Businessmen who deal in Agriculture, oil and gas, plus Pharmaceuticals.

 

In the meeting, Anite told the Sudanese Business delegation that government would allow them to move their profits freely.

'' If you decide that you are tired of this country and you want to go back, you are free to go back with all your profits, no one will stop you'' She said.

 

Speaking during the same meeting, the Executive director of the Uganda investment authority Joy Kaguhangire said that Uganda would allow investors in its free trade zones not to pay taxes, as long as 80% of what they produce is for export.

While the Minister of Agriculture in the government of Sudan Abdulatif Ijaimi told the meeting that his government has put Agriculture at the forefront of its development agenda, and these are opportunities they are looking at.