Business
Sh250m up for grabs in agricultural value chain competition
Publish Date: Jul 05, 2014
Sh250m up for grabs in agricultural value chain competition
CURAD Managing Director Apollo Segawa (left) and the body founder Joseph Nkandu showing FARA executives the agribusness innovations developed by the CURAD incubatees. PHOTO/Wilfred Sanya
  • mail
  • img
newvision

By David Ssempijja

Entrepreneurs involved in agricultural value chain systems stand to be beneficiaries of a sh250m bounty, courtesy of the Agribusiness Innovations Challenge spearheaded by the Consortium for enhancing University Responsiveness to Agribusiness Development (CURAD).


According to the body managing director Appolo Segawa, the challenge presents opportunities to contenders to present their business cases for investment support in commercialising or expanding businesses to promote the growth of food processing and exports.

 “This challenge will provide winning businesses with incubation support and start-up or expansion capital to enable entrepreneurship in the agricultural sector to thrive and benefit the Ugandan people and economy,” he reporters this week..

The challenge was launched recently by the Forum for Agricultural Research in Africa (FARA) director for Capacity Strengthening, Dr. Irene Annor-Frempong, during an event held at CURAD’s  head office at Makerere University Agricultural Research Institute, Kabanyolo.

The competition, according to Segawa, will see 27 enterprises winning in nine categories, all courtesy of sponsors like Microsoft Uganda, Uganda Telecom, Deloitte, FinAfrica, Uganda Coffee Development Authority among others.

The applications are under review, a panel of judges at the final judging award event on July 2 will select the top three business cases in each category moving in line with CURAD philosophy.

CURAD is a public-private partnership initiative promoted by Makerere University, the National Union of Coffee Agribusinesses and Farm Enterprises Limited (NUCAFE), and National Agricultural Research Organization (NARO), the University of Copenhagen (UC) and NIRAS International.

The body is one of the six agri-business incubators in Africa supported by the FARA under the Universities, Business Research and Agricultural Innovations with funding from DANIDA.

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
ERA licenses 9 renewable energy projects
An additional 9 renewable electricity plants, some under the Global Energy Transfer for Feed-in-Tarrifs (GET-FiT) programme, have been licensed to generate 132.7MW to boost Uganda’s transformation into an upper middle class country....
Pump attendants tipped on safety standards in case of fire
Vivo Energy, the company that distributes and markets Shell branded fuels and lubricants has conducted a fire drill to test the response preparedness by staff at Shell Service Stations in case of a fire outbreak. The drill was conducted at Shell Kira Road located at the Bukoto white flats....
UAE Exchange customer wins Xpress Money ‘Win Big’ second weekly draw
Xpress Money recently announced the second weekly draw winner of its ongoing promotion – Win Big. Ms. Ann Minviluz Banquerigo, a customer of UAE Exchange, Lugogo Mall branch, won herself a prize money of UGX 250,000 by simply sending money using Xpress Money services....
Total CEO de Margerie killed in Moscow as jet hits snow plough
MOSCOW - The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night....
Govt to identify key opportunities for growth
THE Government and World Bank are preparing a joint ‘Country Economic Memorandum’ report, which will identify key opportunities and challenges to accelerating socio-economic transformation...
Business guide in conflict resolution developed
A business guide for the business community to resolve conflicts without resorting to courts of law has been developed....
Was Oscar Pistorius' 5 year sentence fair and just?
Yes
No
Can't Say
follow us
subscribe to our news letter