Mehta to Get French Loan for Uganda Sugar Plant, New Vision Says

India’s Mehta Group will get a $23 million loan from Proparco, the private investment unit of the French Development Agency, to expand its Ugandan sugar plant, New Vision reported, citing Mahendra Mehta, the group’s chairman.

The 10-year loan will enable Sugar Corporation of Uganda Ltd. to double production to 100,000 tons by 2015, the Kampala- based newspaper reported. It didn’t provide details of the loan agreement.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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