The park was developed by the Uganda Investment Authority (UIA) as a central place where investors can locate factories, warehouses, distribution centers, and other business offices.

This location is approximately 15 kilometres (9 mi), by road, east of the central business district of Kampala, Uganda's capital and largest city, on the Kampala-Jinja Highway.

An area measuring 894 hectares (2,210 acres), previously occupied by a national eucalyptus forest was de-gazetted for that purpose.

[1] The following businesses are located at Kampala Industrial and Business Park Namanve: In January 2019, the government of Uganda formally applied for a loan amounting to £246 million (USh:1.116 trillion or US$326 million) from UK Export Finance for the development of a road network, sewerage disposal system, waste management network, high voltage electricity infrastructure, an IT network backbone and related developments.

The loan was availed to the Uganda Investment Authority (UIA) to carry out the above infrastructure developments, within a 42 months timeframe.