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
Farmers trained in silage production
Some 28 agriculture officials and famers have been trained in silage production for pigs....
Doctor Kakooza makes fortune from oranges
Doctor Twaha Kakooza the proprietor of Shatwa Mixed Farm in Bubajjwe village, Kayunga district sold his two dairy cows to start an orange farm....
Real estate market showing signs of recovery
Uganda’s property market continues to show signs of recovery in the retail and office sectors, amid concerns over high interest rates....
Oil prices retreat as dealers eye US data
Oil prices edged lower in cautious Asian trade Friday as investors await the release of a US jobs report for August that could determine the Federal Reserve's timetable for hiking interest rates....
Kasese farmers get modern storage facilities
The World Food Programme (WFP) has handed over three maize storage facilities to three farmers’ cooperatives of Kyabarungira and Kitswamba sub-counties in Kasese district....
EAC’s Sezibera to visit Namanve
The secretary-general of the East African Community is set to visit Namanve Industrial Park on Thursday....
Are poor parliamentary debates a result of removal of school debates?
Yes
No
Can't Say
follow us
subscribe to our news letter