INVESTIGATION: Who Gave Away the Kinyara Sugar Farmers’ Shareholding in the Company Valued at Over USD 9 Million? A 10% promise. A secret transfer. A billion-shilling question. Masindi farmers are taking on the state and corporate power in a landmark court case over shares they were promised—but never received—in Kinyara Sugar Ltd. Who gave them away?
INVESTIGATION: Who Gave Away the Kinyara Sugar Farmers’ Shareholding in the Company Valued at Over USD 9 Million? A 10% promise. A secret transfer. A billion-shilling question. Masindi farmers are taking on the state and corporate power in a landmark court case over shares they were promised—but never received—in Kinyara Sugar Ltd. Who gave them away?
Hon. Matia Kasaija, Minister of Finance and Chairperson of DRIC; Patrick Bitature, Eminent Member; Emely Kugonza, then Chairman of the Uganda Investment Authority; Christophe Gashirabake, representing the Attorney General; Moses Mwase, Director of the Privatization Unit; and Jim Mugunga, Senior Public Relations Officer, Privatization Unit — some of the key officials who sat in the DRIC meeting that approved the controversial sale of farmers’ shares in Kinyara Sugar Ltd.
Nearly two decades after the Government of Uganda privatised Kinyara Sugar Works Ltd — now Kinyara Sugar Ltd — hundreds of sugarcane out-growers in Masindi are still chasing a promise:…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Bank of Uganda starts regulating big Saccos
Hima Cement investor, Sarrai Group takes over Kilembe Mines with UGX 46 billion in accumulated losses
EU Envoy Jan Sadek, PSFU’s Nzeyi, and Ministers Kasaija, Nyamutoro, and Mwebesa Push for Deeper EU-Uganda Mineral and AgriTech Trade
EADB ready to finance viable development projects and businesses
Share this content:
Post Comment