Investment, projects and funding

24/03/2018

World Bank offers $150m to farmers in Acholi through Agriculture Cluster Development Project

World Bank offers $150m to farmers in Acholi sub-region thru Agriculture Cluster Development Project

World Bank offers $150m to farmers in Acholi sub-region thru Agriculture Cluster Development Project – Thousand of farmers in greater northern Uganda are to get subsidised inputs of over $150 million through a World Bank venture.

The venture will probably be overseen by the ministry of agriculture, and is aimed to develop a range of crops together with rice, maize, and cassava.

Agriculture Cluster Development Project (ACDP) will probably be rolling out a subsidy programme where farmers will probably be anticipated to co-fund purchases of inputs. Within the 1st season, the farmer will contribute 33% of the price of inputs whereas the venture will contribute 67%.

The Agriculture Cluster Development Project (ACDP) will empower the native people economically by elevated household earnings on account of increased agriculture production

The 4 clusters are as follow; Amuru and Ntunguma for rice; Nebei for cassava, and Iganga for maize whereas Kalunga is pegged for espresso (coffee).

Farmers in Amuru, Gulu, Pader, Kitgum Agago and Nwoya will benefit from this venture by an e-voucher system where they are going to obtain subsidised agro inputs with a purpose of elevating farm production and productiveness.

6 districts from Acholi sub-region are on the Agriculture Cluster Development Project (ACDP), however finally it is going to cowl 42 districts throughout Uganda.

Speaking at the project launch in Amuru District, minister Christopher Kibanzanga stated;

I wish to inform you that this venture is for you Ugandans. Allow us to not fail it. We have to be certain that famers profit from it. It’s the reason why I and my groups are right here at this time. We wish to seek the advice of you and work with you from the very starting

He added;

the project is designed to boost farm productiveness and marketable volumes of selected commodities in specified geographical elements of Uganda in a sequence of clusters

The project, being funded by the World Bank, will enable farmers to get inputs at drastically diminished costs and encourage increased productiveness.

Within the 2nd season each farmer, and the project will contribute equally, that’s 50/50, however within the 3rd season, the farmer will contribute 67% and project 33%. It’s anticipated that by the 4th season, the farmer may have the financial capacity to take up full value of his/her inputs.

Just a quick reminder, don’t miss the 8th Uganda UK Investment Convention 2018.  If you are not UK / European resident, you need to order your ticket from this link. Entitles you an Invitation letter for your VISA application.






 
 

 
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