National Council of Sports signs landmark MOU with Uganda Investment Authority

Submitted by on Sun, 02/26/2023 - 20:34

On 8th February 2023, Uganda Investment Authority (UIA) in partnership with National Council of Sports signed a memorandum of understanding to drive investments in the sports sector including building of modern sports stadiums. National Council of Sports is expected to submit bankable proposals for sports projects in the country and UIA will promote and market these projects across the globe as part of the investment opportunities in Uganda. The national sports body will also share information on sports infrastructure developments in the different regions of Uganda and UIA will provide land within the different industrial parks for the development of that infrastructure. In addition, UIA will 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.