In his first independent directive as King of Toro, Omukama Oyo Nyimba Kabamba Iguru, has halted the leasing of kingdom land.
In a letter to his Prime Minister and the chairperson of the Toro Kingdom land board, Omukama Oyo, says the land is being leased at prices far below the average market price. He instructs his cabinet and parliament to review the costs before he can permit the leasing of land to resume.
Toro kingdom has been granting 99-year leases for its land at 400,000 shillings per acre. The temporary property owners are required to pay an additional 25,000 shillings a year in ground rent.
The Kingdom has over 10 square miles of land in the districts of Kabarole, Kyenjojo, Kyegegwa and Kamwenge.
William Nyakatura, the Prime Minster Toro Kingdom, says he hopes the ban on the land lease will be lifted soon. He says that currently the land is the only source of income for the kingdom.
Through the costs of leasing out the land are low, the money has funded kingdom activities like the kingdom education bursary and the renovation of the royal tombs.
Nyakatura also says that if the costs are increased, it may scare away the private developers.
Augustine Kayonga, the Chairperson Toro Kingdom land board says that over 70 private developers had applied to utilize the land.