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Investors to get free land: Museveni
Thu, 11 Dec 2008 11:45
By TradeInvestAfrica Staff


Investors in Tanzania will get free land to boost Foreign Direct Investments (FDI) there.

President Yoweri Museveni, in an attempt to promote the export of value-added products and generate jobs and revenue said:  "Land should be given free, no question of rent. We shall recover it through creating jobs for our people."

He was speaking at the Organisation for Economic Corporation and Development (OECD) forum in Kampala called to address the challenges of globalisation.

OECD works with NEPAD (New Partnership for African Development) to enable African countries come up with policy reforms that strengthen investment and development.

The delegates comprising of 30 European countries, the USA, Japan, South Korea and Mexico will discuss investment on transport infrastructure and regional integration.

Transport costs remain high in Africa, accounting for 14% of the value of exports, compared to only 8.6% for developed countries.

Currently, only 27.6% of Africa's two million kilometres of roads is paved compared to 43% in Asia and 33.5% in Latin America.

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