The land of a traditional kingdom within Uganda has been used as a political threat and reward for over a century. It grows grain, it may have oil and gas, and it is home to the quickly expanding capital
Last week, Uganda received a 35 man business delegation from India interested in the country’s agribusiness potential and boosting its exploits. Mr Ramakrishna Karuturi, the leader of the delegation, said the team intends to invest up to $2 billion in agribusiness pending the issue of investment licences.
The President informed them of 3 available modules of investment that they could take advantage of including processing without getting involved in physical production where an investor buys products from farmers, processes them or engage in core plantation and process the produce into finished items or contracting out-growers so that they as a community of producers can benefit.
The company plans to lease land to grow palm oil, sugar cane and cereals in Tanzania, to add to land it has acquired in Ethiopia. Karuturi is visiting Tanzania, Uganda and Ethiopia as part of a delegation of 35 Indian investors.
« Les terres qui nous appartenaient prennent de plus en plus de valeur. Nous aimerions les récupérer afin de pouvoir nous-mêmes les vendre ou les louer, mais le gouvernement ne veut rien savoir : il agit comme s’il était Dieu » dénonce M. Charles Peter Mayiga, porte-parole du Buganda, le plus important des royaumes traditionnels que compte l’Ouganda.
Le Sud-Soudan devient formellement indépendant samedi. Ravagé par la guerre, convoité pour son pétrole, le nouveau pays dispose d'un fort potentiel agricole. Et les investisseurs étrangers l'ont bien compris.
Nitol-Niloy Group and Bhati Bangla Agrotec of Bangladesh aim to invest an initial US$18 million to lease around 40,000 hectares of African land by the end of this year to grow foodstuff, most of which they will be obliged to sell in Bangladesh.
“We frankly told them, we had no land. They insisted we sign a Memorandum of Understating with them, a request we also refused. We only accepted to sign minutes of the meeting we held,” Mr Okasai of Uganda's agriculture ministry said.