Palm Oil Out-grower Project in Nwoya, Uganda
A large-scale out-grower investment prospect in Northern Uganda.
A once-in-a-generation agro-industrial prospect
Peak Initiatives aims to establish a large-scale Palm Oil Out-grower Project in Nwoya, Northern Uganda, and, as a venture partner, to capture a significant share of the national palm oil market in the near future.
Uganda’s local cooking oil and soap producers are heavily import-dependent. Local production is still in its infancy, so fertile land, a favourable climate and steady demand create a clear opening. Beyond vegetable oil, palm oil has strong potential to drive agro-industrialisation across the country and the wider East African region.
Demand that outpaces local supply
- Uganda and its neighbours consume about 3 million tons of vegetable oil, with crude palm oil making up the largest share of 1.4 million tons imported into the six-country region (IFAD, 2017).
- Uganda’s palm oil consumption is projected to reach about 264 thousand metric tons by 2026, rising around 2.1% a year.
- Large-scale farming needs ample land and resources. It is labour-intensive, but scale lowers the cost of production and encourages technology that improves yields.
- An untapped regional market across the East African Community could be served by a production boost.
Transforming livelihoods in Northern Uganda
For over three decades Northern Uganda has faced extreme poverty shaped by conflict, disease and weak economic conditions, and no single intervention has delivered lasting relief. A palm oil project of this scale is a game changer, transforming the livelihoods of thousands of people through out-grower contracts and employment on the farms.
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