Deal #7085

Uganda
Created at
2019-07-04
Last update
2022-09-08
Last full update
2022-09-08

Land area

Size under contract (leased or purchased area)
  • [2013-04-11, current] 6474 ha

Intention of investment

Intention of investment
  • [2013-04-11, current] Food crops (6474 ha)
Comment on intention of investment
Sugar cane production

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2013-04-11, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] Startup phase (no production)

Purchase price

Purchase price
69 000 000 000
Uganda Shilling
Comment on purchase price
Government of Uganda purchased 32% Shares in Atiak Sugar Factory after paying 45 billion Uganda shillings in 2018 and 24 billion in 2019 bringing total shares to 44%. However, another media report mentions that the Government of Uganda paid 64.8 billion Uganda shillings to acquire 32% stake in the Atiak Factory in 2018.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 5603 ha
Comment on contract farming
15,000 indirectly on the out-grower farm