BML has acquired several assets especially land and all the business units including the Mill and ICD sit on their land. BML also owns several other prime plots of land that are intended for use in business expansion. BML applied and was granted a license to operate a General Bonded Warehouse, the only Customs facility approved and licensed by Uganda Revenue Authority (URA) in the Busia Border district. The ICD facility was also blessed by the choice of the Government to utilize the facility as an internal testing facility for biofuel products (petroleum and other products) operated by the licensed GFI.
BML has faced tremendous challenges, most of which are attributed to previous management, and by 2016, the company was on the verge of collapse. The challenges ranged from broken systems, huge liabilities, poor working relationships with stakeholders and stumbled revenue inflow.
The current Board and Management inherited huge challenges and for years, the struggle has been to put the company on the right track, you can imagine huge liabilities with very low revenue! Nevertheless, BML has remained a going concern, has invested and the company’s net worth has almost doubled.