By Sylvia Juuko
ONE of Kenyaâ€™s leading industrialists Naushad Merali may be little known in Uganda, but his companyâ€™s recent take-over of Dairy Corporationâ€™s assets is set to impact on Ugandaâ€™s dairy sector.
The Sameer Agriculture and Livestock Limited Company took over Dairy Corporationâ€™s (DCL) assets for 10 years with a planned $10m investment in the existing plant and set up another plant in Mbarara in three years. The company will make an initial contribution of $500,000.
â€œThe objectives of the deal are to firmly establish a dairy industry in Uganda, support dairy farmers by providing expanded markets for their milk and to provide milk that is safe and unadulterated,â€ a statement said.
The company is expected to train and develop human resources and introduce new products like milk powder, ice creams, long life yogurts, real fruit yogurts and fermented milk.
Entering into joint ventures with international business is a prominent feature of Naushad Meraliâ€™s business strategy with the Sameer Agriculture and Livestock Limited Company, a joint venture with R. J. Corporation of India and the Sameer Group.
This initiative brings to two the number of companies the Sameer Group has in Uganda after Sameer Africa Uganda launched its Yana brand earlier this year, making inroads into the Ugandan market.
Merali is the force behind one of Kenyaâ€™s largest conglomerates Sameer Investment that spans companies in tea, construction, energy and power, Export Promotion Zone, finance and ICT.
Sameer to develop dairy sector