Deal #7676
Uganda
Created at
2020-01-31
Last update
2023-01-04
Land area
Size under contract (leased or purchased area)
- [current] 773 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.Another source states that Kiryandongo Sugar Limited was the first to arrive in 2017, with its large 2,400 hectares 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. In 2017, President Museveni donated the land to three companies, including Kiryandongo Sugar Factory, Ajilis Partners, a US company, and Great Season to pave way for large-scale farming.
Intention of investment
Intention of investment
- [current] Food crops (773 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
- [2018, current] Startup phase (no production)