Business
Uganda fails to access $4m fund
Publish Date: Feb 21, 2014
Uganda fails to access $4m fund
Henry Nyakoojo, the Technical Advisor for EIF in the trade ministry
  • mail
  • img
newvision

By Joe Nam

Uganda’s access to the $4m (about sh10b) aid to trade hangs in the balance, after the Enhanced Integrated Framework (EIF) Programme officials said the trade ministry is submitting conflicting project proposals.


The Geneva-based EIF officials said Uganda seems undecided on whether to claim the money or not, although it is entitled to it.

The fund is part of the Aid for Trade, an arrangement in which wealthier nations agreed to fund poor ones to fully participate in international trade. One trade related project would be funded per recipient country

According to the EIF Secretariat in Geneva, Uganda has sent a number of conflicting project proposals. They include proposals for silk production, aloe vera, gum Arabica, honey and tourism and hospitality training.

“We are confused as to what Uganda wants. We want the Government to agree on one project proposal in which the country has a clear competitive advantage and inform us accordingly,” said the EIF Executive director Dr. Ratnakar Adhikari in a recent visit to Uganda.

However, Henry Nyakoojo, the Technical Advisor for EIF in the trade ministry says Uganda has the option of sending a number of proposals from which the EIF can choose what to fund.

“I have heard this talk of competitive advantage and priorities before,” said Nyakoojo. “I think we are able to determine what our priorities are as a country.”

Dr. Adhikari, however, commended Uganda for good implementation of previous EIF projects. He cited the training of District Commercial Officers to effectively facilitate trade at district and village level.

The EIF project contributed to the formulation of trade related legislations and policies in the country, including the Consumer Protection Bill, Anti Counterfeit Bill, Trade Licensing Amendment Bill, Regulation for Hire Purchase Act and Competition Policy.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Seized ivory linked to missing UWA stock
Some of the ivory seized by Uganda Wildlife Authority (UWA) officials at Entebbe International last week is believed to have been part of the stock stolen from their stores in Kampala....
Village banks  empower Karamoja women
Drenched in sweat, the women wear serious faces as they squeeze local brew out of sorghum dregs, in the middle of the town. The men are playing cards, others sleeping under trees....
Coordinating office to monitor Ugandans
Ugandans living in the diaspora are to set up a coordinating office that will help monitor their investments back home....
URA breaks 4-year jinx to post sh24.3b surplus
The Uganda Revenue Authority posted a sh24.3b tax collection surplus between July and December 2014, for the first time in more than four years, credited to strict tax controls and administration....
Pension arrears to be cleared this year
RETIRED civil servants will have their gratuity and pension arrears paid before the end of this financial year, thanks to the stringent reforms that have seen the finance ministry save over sh200b...
Automation improves revenue collection by 21%
OVERALL automation and adaption of online tax systems have pushed up revenue collection up by 21% in the last two years, the tax authority has revealed...
Is gambling the cause of poverty amomg youth?
Yes
No
Can't Say
follow us
subscribe to our news letter