Project for Funding

Nevets Uganda Limited has partnered with Schaefer Global Management (SGM) company from the USA who have spent years focusing on the development of a commercial-scale Aquaponic platform that will be implemented within a modern Free Trade Zone in Uganda.

This new advanced Aquaponics technology transfer from the USA will be jointly integrated with large scale mechanization, irrigation, processing and export of several agro products with a goal of "Increased commercial production and value addition to various grains and cereals in Uganda for improved food security and incomes".

Aquaponics is a hybrid food growing technology that combines aquaculture (growing fish) and vertically-farmed hydroponics (growing fruits, vegetables, herbs, etc. in a constructed, recirculating ecosystem) utilizing natural bacterial microbes to convert fish waste to plant nutrition.

This is an environmentally friendly, natural food-growing method as old as the Aztecs that harnessed the best attributes of aquaculture and hydroponics without the need to discard any water or filtrate or add chemical fertilizers. Aquaponics is using the waste produced by fish or other aquatic animals to supply nutrients for plants grown hydroponically, which in turn purifies the water that is returned to the fish.

It is gaining considerable attention lately as an off-grid, climate-proof, chemical free serious sustainable farming practice with the potential of solving many of the problems that we face, such as climate change, depleted soils, potable water, fossil fuel shortages and urban growth.

SGM’s Aquaponic platform produces organic, tasty, and nutritional vegetables, fruits, greens, and herbs.Our facility is bio secure with all the associated environmental controls to create the highest quality environment for growing plants and fish.

Inside of the facility we are going to install our aquaponic systems, including a LED lighting system allowing for year-round growing, AI-based advanced monitoring, and control systems to maintain the maximum optimization of the system and provide quick alerting in the event anything goes outside of established parameters and state-of-the-art food processing systems.

Also, SGM’s aquaponic system can utilize an optional mixed energy sourcing solution that includes: solar, fuel cell, wind, battery storage, and generator backups to demonstrate off-grid operations, which provides redundancies and sufficient backups to reduce the potential of a power loss in the facility.

NOTE: This lucrative agricultural project needs $520,000,000 (Five Hundred and Twenty Million U.S. Dollars) as funding/capital, but the project will earn us BILLIONS of USD per Year, guaranteeing over 3 times returns on each USD invested. Equally important, the agricultural experts from the USA have already secured MARKET for all the agricultural products we shall produce for Export.

TAX INCENTIVES AVAILABLE TO FREE ZONE INVESTORS/DEVELOPERS IN UGANDA.

The Government of Uganda through the Uganda Free Zones Authority has provided for a comprehensive package of incentives for holders of Free Zone Developer, Operator or Manager Licenses which include:

Fiscal Incentives:

1. 10 year Income Tax Exemption for Free Zone Developer whose investment capital is at least USD 50,000,000 (United States Dollars Fifty Million) from the date of commencement of business.

2. 10 year Income Tax Exemption for Free Zone Operator whose investment capital is at least USD 10,000,000 (United States Dollars Ten Million) for Foreigners and USD 2,000,000 (United States Dollars Two Million) for Ugandan Citizens from the date of commencement of business.

3. Exemption from taxes and duties on all Export Processing Zone imported inputs that are for the exclusive use in the development and production output of the business enterprise (raw materials and spare parts).

4. Unrestricted remittance of profit after tax.

5. Exemption from tax on income from Agro-processing.

6. Exemption on income derived from the operation of aircraft in domestic and international traffic or the leasing of aircraft.

7. Exemption from tax on plant and machinery used in the Free Zones for 5 years and 1 day upon disposal.

8. Exemption from all taxes, levies and rates on exports from the Free Zones.

9. Exemption from import duties and taxes on all goods entering a Free Port Zone.

10. VAT exemption on the following supplies i.e. animal feeds and premixes crop extension services, irrigation works, sprinklers and ready to use drip lines, deep cycle batteries and composite lanterns.

11. Exemption of Withholding Tax on petroleum, petroleum products, plant and machinery, human or animal drugs and supply/ importation of raw material.

12. Initial allowance for eligible property/industrial buildings situated 50Km from Kampala put into use for the first time (rates are 50% and 20% respectively).

Non-fiscal Incentives:

1. Access to physical amenities, infrastructure, manpower and training.

2. Warehousing of domestic goods which are not to be exported provided that the Warehousing facilities of the Free Zone users are under-utilised.

3. One Stop Center for reducing Red Tape Simple procedure.

4. On site customs inspection of buildings and premises in the Free Zone.

5. On site customs inspection of natural persons, vehicles, vessels and aircraft entering and leaving the Free Zone.