UDC in partnership with Kigezi Highland Tea Limited will see to the realisation of two new tea processing factories in Kigezi and Kisoro districts. This is being implemented through a Equipment Lease Financing Agreement entered into by UDC and Kigezi Highland Tea Limited. The Lease Finance Model of Public Private Partnership adopted by UDC ensures a return on investments for the public funds used in acquiring the said machinery, to be recovered in a phased manner, over a period of time. The factories will provide ready market to the tea growers of Kigezi, improve diversification of Uganda’s exports of high quality finished products while generating revenue for the Corporation.
Progress on the New Tea Factories in Kisoro and Kabale
100% of Electrical accessories and works complete with all the equipment installed and carrying out of trial runs and commissioning of the factories is expected in Quarter 4 of Financial Year 2017/18.