Privatisation of Glen Valley, Dikabeya farms inches forward

In a board decision announced last week, the PPADB approved the Ministry of Agriculture's request to dispose of the two farms via lease. Empowered by the approval, the ministry is expected to soon issue an Expression of Interest for private investors to take up the two leases.

According to the Public Enterprises Evaluation and Privatisation Agency (PEEPA), government decided to lease out the farms last year after realising that since their inception, the two properties were inefficient and costly to operate.