A new bonded warehouse, built by Tan Investments, has been officially commissioned by the URA at the Malaba border in Tororo District. This strategic move aims to address long-standing cargo congestion, expedite clearance processes, and enhance revenue collection. Capable of holding 1,000 trucks, the facility will consolidate cargo for easier verification and tax compliance, as highlighted by Tan Investments’ Managing Director, Naiya Tana.
URA Assistant Commissioner James Maliizi anticipates that the warehouse will decongest the border and improve the overall efficiency of Uganda’s trade network, allowing vehicles to proceed directly to their destinations after clearance. With two bonded warehouses now operational at Malaba, increased capacity is expected to drive trade growth and revenue..
“We built this warehouse to consolidate cargo, facilitate government verification, and ensure taxes are paid, thereby streamlining the process of moving goods in and out of the country,” he said. James Maliizi, URA’s Assistant Commissioner for Risk, believes the facility will not only decongest the border but also enhance the efficiency of Uganda’s entire trade network.
“With such a facility in place, vehicles that previously had to travel to Kampala for clearance can now be processed here. This means they will proceed directly to their destinations, reducing congestion,” he said. With Malaba now hosting two bonded warehouses, the expanded clearance capacity is expected to improve trade and increase revenue collection.
For More Related News: