Atiak Sugar Factory

Atiak Sugar Factory Limited
Private
Industry Manufacture & Marketing of Sugar
Founded 2016 (2016)
Headquarters Atiak, Amuru District, Uganda
Key people
 Amina Moghe Hersi
Owner
Products Sugar
Number of employees
 1,500+ (2016)

Atiak Sugar Factory Limited (ASFL), also Atiak Sugar Factory, or Atiak Sugar Limited, is a sugar manufacturing company in Uganda.[1]

Location

The headquarters of the company and the main factory of the company are located in Gem Village, Pachilo Parish, Atiak sub-county, Kilak County, in Amuru District, in the Northern Region of Uganda. This lies approximately 17 kilometres (11 mi), by road, north of Atiak, off the Gulu–Nimule Road[2] This lies approximately 85 kilometres (53 mi), by road, north of Gulu, the largest city in Northern Uganda.[3]

Overview

The new sugar factory, has a capacity to crush 1,650 tonnes (1,650,000 kg) of raw cane daily, producing 66,000 tonnes (66,000,000 kg) of powder sugar annually.[4] Commissioning of the factory was expected in May 2016, with first distribution of sugar planned for June 2017. The factory will employ over 1,500 people and has contracted with over 5,000 out-growers. The owners of the company have established a working relationship with Gulu Women Entrepreneurs Association Limited (GWEAL), whose objective is to develop Northern Uganda.[5][6]

In July 2017, the government of Uganda extended a credit facility of US$17.4 million (approx. USh62.65 billion) to Horyal Investments Holding Company Limited, the owner of Atiak Sugar Factory. The loan, according to Uganda's finance minister will help Horyal to finish construction, procure the sugar-manufacturing machinery and start sugar production. Amina Hersi Moghe, the Chief Executive Officer of Horyal, says the credit will "provide support to sugarcane out growers, offset the balance of procuring machines and restructure their loan period with DFCU Bank". A new commissioning date has been pushed to June 2019.[7]

Construction

The supervising engineering company is Sugarnpower Projects Private Limited, from India. An electricity co-generation plant with initial capacity of 6 megawatts (8,046 hp), expandable to 27 megawatts (36,208 hp), is incorporated in the design.[8]

As of July 2018, construction was estimated at 70 percent completed. At that time, Amina Morghe Hersi, had invested an estimated USh272 billion (US$70 million) and UDC had invested USh65 billion (US$17 million). Completion of the factory is now scheduled for March 2019.[9]

Ownership

The company is a subsidiary of Horyal Investment Holding Company Limited, owned by Amina Moghe Hersi, a female Kenyan entrepreneur of Somali descent.[5][10] In May 2018, the government of Uganda, through the Uganda Development Corporation (UDC), took a 10.1 percent ownership in Atiak Sugar Factory, for an investment of USh20 billion (approximately US$5.5 million).[11]

In July 2018, UDC invested another USh45 billion (approx. US$11.6 million), thus raising its stake in the factory to 32 percent.[9][12]

Atiak Sugar Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Horyal Investments Holding Company Limited68.0
2Uganda Development Corporation32.0[9]
Total100.00

See also

References

  1. ↑ Administrator (17 February 2016). "50 Million Dollar Factory Established In Atiak". Gulu: Adwarping.co.ug. Retrieved 20 April 2016.
  2. ↑ GFC (20 April 2016). "Distance between Atiak, Northern Region, Uganda and Pacilo, Kilak, Northern Region, Uganda". Globefeed.com (GFC). Retrieved 20 April 2016.
  3. ↑ GFC (20 April 2016). "Distance between Gulu, Northern Region, Uganda and Pacilo, Kilak, Northern Region, Uganda". Globefeed.com (GFC). Retrieved 20 April 2016.
  4. ↑ Labeja, Peter (23 July 2017). "Pictorial: Development of Sugar Factory In Amuru". Kampala: Uganda Radio Network. Retrieved 9 January 2018.
  5. 1 2 TEA (10 October 2015). "New sugar factory a blessing to farmers in Northern Uganda" (PDF). Nairobi: Ipsos.co.ke Quoting The EastAfrican (TEA). Retrieved 19 August 2017.
  6. ↑ Kiggundu, Edris (23 November 2016). "Uganda: Acholi - Museveni to Buys Hoes, but Land Wrangles Are the 'New Kony'". The Observer (Uganda) via AllAfrica.com. Retrieved 20 April 2016.
  7. ↑ Labeja, Peter (23 July 2017). "Government Injects UGX 62 Billion in Atiak Sugar Factory". Kampala: Uganda Radio Network. Retrieved 16 August 2017.
  8. ↑ Sugarnpower.com (9 January 2018). "Projects: Horyal investment Holding Company Limited, Atiak, Uganda". Ghaziabad, India: Sugarnpower.com. Retrieved 9 January 2018.
  9. 1 2 3 Labeja, Peter (29 June 2018). "Installation of Atiak Sugar Factory Set to Resume". Kampala: Uganda Radio Network. Retrieved 6 July 2018.
  10. ↑ Ocungi, Julius (23 March 2016). "Professor Latigo faults Amuru leaders on investments". Daily Monitor. Kampala. Retrieved 20 April 2016.
  11. ↑ Kafeero, Stephen (24 May 2018). "Stalled Atiak sugar factory works leaves 3,500 farmers in distress". Daily Monitor. Kampala. Retrieved 23 May 2018.
  12. ↑ Sugar News (2 July 2018). "Uganda: Government injects more funds into Atiak sugar mill to complete construction". London: Agra-net.com. Retrieved 6 July 2018.

Coordinates: 03°25′05″N 32°07′50″E / 3.41806°N 32.13056°E / 3.41806; 32.13056

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