NCS brands the partnership with Uganda Investment Authority (UIA) as “historic”, one that is envisaged as an investment milestone that breaks ground to change the sports landscape in Uganda forever.
National Council of Sports is expected to submit bankable proposals for sports projects in the country, and the Uganda Investment Authority (UIA) will promote and market these projects across the globe as part of the investment opportunities in Uganda.
The National Council of Sports (NCS) has signed a Memorandum of Understanding (MOU) with the Uganda Investment Authority (UIA).
This was presided over by the Minister of State for Privatization & Investment, Hon. Evelyn Anite, State Minister for Sports, Hon. Peter Ogwang, Uganda Investment Authority Director General Robert Mukiza, NCS Chairman Ambrose Tashobya and Dr. Bernard Patrick Ogwel, the general secretary of the National Council of Sports.
The national sports body shall also share information on sports infrastructure developments in the different regions of Uganda, and the UIA will provide land within the different industrial parks for the development of that infrastructure.
UIA will also provide land within those industrial parks for the establishment of factories to manufacture sports equipment, a move that should drastically cut on costs and prices in accordance with the national Buy Uganda Build Uganda (BUBU) strategy.
In return, UIA will avail it’s platforms, including their symposiums, for us to talk about the sports sub sector and the different investment opportunities available, to a Ugandan and international audience of investors.
“Investment in sports is a top priority. At Uganda Investment Authority (UIA), we shall work together to transform the sports investment landscape of Uganda” Mukiza revealed.
Both parties are expected to share information, develop an action plan and coordinate research on matters of local and foreign investment to boost the growth of the sector in the country.
The key objective among others is to promote investments in the Sports Sector (bankable projects including stadiums, sports academies and sports tourism).
