ETG ordered to hand back land

The Indian Ocean Newsletter | 23 May 2014
Medium_etg

ETG ordered to hand back land

The government considers it sold too much land to Export Trading Group and asked it to hand some of it back. The company has other ideas.

The Tanzanian authorities now contest the validity of the sale of lands belonging to Kapunga Rice Farm (Mbarali district) in 2006 to the agriculture company Export Trading Group (ETG), run by Mahesh Patel and his family. ETG’s shareholders also include the American assets management company Carlyle Group, the South African Pembani Remgro Infrastructure Managers (private equity) and Standard Chartered Bank.

In fact, the dispute concerns 1870 of the 7370 hectares sold to ETG for 2.3 billion Tsh ($1.38 million) by the Presidential Parastatal Sector Reform Commission. Housing and land minister Anna Tibaijuka is now keen to recover the 1870 hectares but has hit on ETG’s reluctance. The latter claims to be well within its rights, because the deeds for Kapunga Rice Farm issued in 1995 clearly state that the total is 7370 hectares. ETG therefore considers the government is trying to expropriate its land and is demanding compensation in the region of $20 million. Separately, the minister Tibaijuka recently tried to recover another plot of land from a religious community in the west of the country (ION 1378).
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