A section of lawyers has described the agreement signed between the government and the Uganda Vinci Coffee Company Limited as a bad deal

Written by on April 25, 2022

A section of lawyers has described the agreement signed between the government and the Uganda Vinci Coffee Company Limited as a bad deal that should be challenged in Courts of law.

The agreement was signed on February 10, 2022, by Ramathan Ggoobi the Secretary to Treasury on behalf of the government and Enrica Pinetti, an Italian investor on behalf of the company.

The company was given free land in the Industrial and Business Park at Namanve and various tax exemptions.

It will also be given exclusive rights to buy all Uganda’s coffee even before the government can look at other players.

Lawyer Shamil Letia Atabua argues that government will be sued and will lose money as a result of a bad deal that should have been avoided.

Stanley Oketcho also an Advocate argues that the agreement granted the company some exclusive rights that have the effect of creating a monopoly in the business of processing and exporting coffee which is illegal and illogical in economic terms and therefore unconstitutional.


RNB

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