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