Mukwano to invest sh206b in oil project
MUKWANO Group is investing up to $120m (about sh206b) in the oil seed project. The project is under the Mukwano Agro Project (MAP) initiative, the managing director, Alykhan Karmali, said on Tuesday.
By James Odomel
MUKWANO Group is investing up to $120m (about sh206b) in the oil seed project. The project is under the Mukwano Agro Project (MAP) initiative, the managing director, Alykhan Karmali, said on Tuesday.
He explained that MAP aims at promoting modern agriculture with the introduction of hybrid seed facilitation and pre-and-post harvest training.
MAP is operating in Oyam, Apac, Lira and Dokolo and Masindi districts.
“Mukwano has established a home in Lira by installing an oil mill crushing 200 metric tonnes of oil seeds per day. But this is only phase one,†Karmali said, adding, “We have an intensive investment programme for the next two to three years. Oil seeds will be crushed, edible oil will be refined and further a massive investment in animal feeds and proteins.â€
He said the firm was working towards getting planting materials and liaising to initiate planting seed production in Uganda.
Karmali said the project had improved the communities’ household incomes.
He said the project would produce 175,000 metric tonnes of seed by 2010 from the current 50,000. Over 50,000 farmers have been enrolled in various sub-counties in the project districts.
“MAP believes that all companies prosper when society prospers. Social corporate responsibility is their integral component,†Karmali said.
MUKWANO Group is investing up to $120m (about sh206b) in the oil seed project. The project is under the Mukwano Agro Project (MAP) initiative, the managing director, Alykhan Karmali, said on Tuesday.
He explained that MAP aims at promoting modern agriculture with the introduction of hybrid seed facilitation and pre-and-post harvest training.
MAP is operating in Oyam, Apac, Lira and Dokolo and Masindi districts.
“Mukwano has established a home in Lira by installing an oil mill crushing 200 metric tonnes of oil seeds per day. But this is only phase one,†Karmali said, adding, “We have an intensive investment programme for the next two to three years. Oil seeds will be crushed, edible oil will be refined and further a massive investment in animal feeds and proteins.â€
He said the firm was working towards getting planting materials and liaising to initiate planting seed production in Uganda.
Karmali said the project had improved the communities’ household incomes.
He said the project would produce 175,000 metric tonnes of seed by 2010 from the current 50,000. Over 50,000 farmers have been enrolled in various sub-counties in the project districts.
“MAP believes that all companies prosper when society prospers. Social corporate responsibility is their integral component,†Karmali said.