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
With a view for commissioning both factories before the end of the Financial Year 2016/2017, construction of the factory buildings and all the civil works have been completed by the Company. Installation of the Tea Processing CTC Equipment at the factories in Kabale and Kisoro Districts is ongoing.