IPS – It is a public-private partnership intended to reduce Uganda’s dependence on imported vegetable oil while creating sustainable jobs and income for several thousand people. Its critics say it’s destroying forests with no regard for environmental regulations.

The Ugandan government entered into an agreement with BIDCO, the largest manufacturer of vegetable oil in Uganda, and Malaysian palm oil giants Wilmar to set up a plantation and refinery in the Kalangala islands in Lake Victoria. Transnational agribusiness giant Archer Daniels Midland owns shares in both companies.

Read more – http://www.ipsnews.net/news.asp?idnews=49113