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Deal #7676 Version #80686

Uganda
Created at
2020-01-31
Last update
2020-02-07

Land area

Size under contract (leased or purchased area)
  • [current] 773.0 ha
Comment on land area
It is alleged that Gen Tumwine obtained the title for the 778 hectares (about 1,922 acres) from Karegyeya who entrusted it to him as a friend but he instead mortgaged it in a bank, that later sold off the land when he failed to pay back the loan.

Intention of investment

Intention of investment
  • [current] Food crops
Comment on intention of investment
To grow sugarcane.

Nature of the deal

Nature of the deal
Outright purchase
Comment on nature of the deal
Gen Tumwine (Security minister) is accused of fraudulently transferring a land title from their late father’s name John Karegyeya and sold it to Indian investor, Kiryandongo Sugar.

Negotiation status

Negotiation status
  • [current] Concluded (Oral Agreement)

Implementation status

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