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Zimbabwe farmers lack funds to buy land here

By Vision Reporter

Added 16th December 2003 03:00 AM

ZIMBABWEAN white farmers who wanted to invest in Uganda after authorities in Harare grabbed their land, have pulled out of the venture

ZIMBABWEAN white farmers who wanted to invest in Uganda after authorities in Harare grabbed their land, have pulled out of the venture

By Yunusu Abbey

ZIMBABWEAN white farmers who wanted to invest in Uganda after authorities in Harare grabbed their land, have pulled out of the venture.

The Uganda Investment Authority (UIA) director, Dr. Maggie Kigozi, said the Zimbabweans who inspected land in Uganda, could not proceed with the deal due to financial constraints.

Kigozi was addressing the weekly Government briefing in Kampala on Thursday.

“No bank or lender was willing to give them the 100% loan without security as they had wanted. As a result, they had to go back home while some remained around and got employment,” she said.

Sudhir Ruparelia’s Rosebud Flowers farm had recruited some Zimbabweans but three of them ran away.

Zimbabwe farmers lack funds to buy land here

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