Often ripe for disruption, emerging-market agribusiness offers abundant promise – and plenty of pitfalls
Sixteen years ago, a legal saga started in Uganda. Alleging that they had been forcibly removed from their land, a group of local farmers lodged a criminal complaint against the government, demanding an independent survey to determine the land’s real ownership, its restitution, or adequate compensation. The country’s high court agreed to hear the case in 2003.
Public authorities were not alone on the defendants’ bench: Kaweri Coffee Plantation, a producer owned by Germany’s Neumann Gruppe, had signed a 99-year lease for the disputed land; it stood accused of accepting the expulsions. In March 2013, the court ruled the evictions illegal and ordered payment of about $10 million to the plaintiffs. The defendants appealed; a final decision is still pending.
This post was first published on Agri Investor. Read it in full here