Date: October 13, 2026
Contract Disclosure
Sikko Industries Limited has entered into a Memorandum of Understanding (MOU) with Operation Wealth Creation (OWC), a Presidential initiative of the Government of Uganda, for supply of Organic Fertilizer Granules (Bio NPK) for OWC programmes in Uganda.
Contract Details
Contract Partner: Operation Wealth Creation (OWC), Presidential initiative of the Government of Uganda
Contract Nature: International entity, One Time contract
Contract Period: 3 (Three) Years from the date of execution
Product: Organic Fertilizer Granules (Bio NPK)
Payment Terms: 50% advance before production and 50% by irrevocable letter of credit at sight against the bill of lading. These payment terms shall operate only if expressly approved in an annual supply contract.
Quantity and Value Details
Year 1:
- Quantity: 50,000 Metric Tonnes (MT)
- Rate: USD 138.96 per MT (firm rate)
- Value: USD 6,948,000.00
Year 2:
- Quantity: 55,000 Metric Tonnes (MT)
- Value: USD 7,642,800.00 (indicative)
Year 3:
- Quantity: 60,500 Metric Tonnes (MT)
- Value: USD 8,407,080.00 (indicative)
Three-Year Total:
- Total Quantity: 165,500 Metric Tonnes
- Total Value: USD 22,997,880.00 (indicative)