29/07/2009 (Mongabay.com) - Wilmar, one of the world's largest palm oil traders, is investing $10 million to establish an oil palm plantation in Kalangala, Uganda over the next three years, reports Bernama, Malaysia's state new agency. The investment is the first in Uganda by a Malaysian oil palm developer.

Maggie Kigozi told Bernama that Wilmar is expected to expand the plantation project, increasing its investment.

"Uganda has vast tracks of land, suitable for oil palm plantations," Kigozi was quoted as saying. "It's a huge opportunity."