Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1967

Deal #1967 Version #56374

Uganda

Created at

2013-02-15

Last update

2013-11-08

Last full update

2022-04-01

Land area

Intended size

12 000 ha

Size under contract (leased or purchased area)

[current] 12000.0 ha

Size in operation (production)

[current] 10000.0 ha

Comment on land area

The nucleus estate expansion includes the development of a 1,200 hectares plantation in Butamira, a man-made reserve.

Intention of investment

[current] Biomass for biofuels, Food crops, Renewable energy unspecified

Nature of the deal

Outright purchase

Negotiation status

[1985, current] Concluded (Contract signed)

Comment on negotiation status

This Company was formed in 1985 as a Joint Venture between the Madhvani Group and the Government of Uganda to take over the assets of Madhvani Sugar Works Ltd., which was the Group's flagship prior to 1972. At the time of take-over in 1985, owing to the economic turmoil in the intervening years as well as inadequate management whilst under Government control, the factory was no longer in production and most of the nucleus estate had reverted to bush.

Implementation status

[1930, current] In operation (production)

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 19000.0 ha