Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7676
Deal #7676 Version #80699
Uganda
Created at
2020-01-31
Last update
2021-09-10
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.
Other study said that Kiryandongo Sugar Limited was the first to arrive in 2017, with its large 2,400 hectars sugar cane plantation project. Company registration documents demonstrate that the company is owned by members of the Rai family, who, through their Mauritius-based holding company, Rai Group.
Intention of investment
Intention of investment
- [2017, current] Food crops (2400.0 ha)
Comment on intention of investment
To grow sugarcane.
Nature of the deal
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)