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Deal #1968 Version #86508
Uganda
Created at
2013-02-15
Last update
2022-03-30
Last full update
2024-02-16
Operating Company
Operating company
Comment on investment chain
In the 1990s, KSWL was rehabilitated by Booker Tate Limited with aid and loan agreements for various funders underwritten by the Ugandan government. Sugar production resumed in 1995. Following the resumption and stabilisation of sugar production, the government sold 51 percent shareholding in Kinyara Sugar Works Limited to the Rai Group, a Mauritius-based investment group. In September 2011, the Uganda government sold a further 19 percent shareholding in KSWL to the Rai Group for US$9.1 million in cash.
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