Business
Sh250m up for grabs in agricultural value chain competitionPublish Date: Jul 05, 2014
Sh250m up for grabs in agricultural value chain competition
  • mail
  • img
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
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
Danish agribusiness concept to revive farming in Uganda
There is something intriguing about Denmark. A country with so many world records, one of its outstanding ones include ranking first in government transparency and lack of corruption. There are more, like having the world’s happiest population, the world’s highest minimum wage, lots more....
More investments need to be plunged into the agricultural value chain for Uganda to achieve sustainable economic growth and development, Dr. Kisamba-Mugerwa, the chairperson of the National Planning Authority (NPA) has said....
Ethiopia connects Uganda to South Sudan
Traders and other organizations transacting business in South Sudan beaming with smiles of satisfaction after Ethiopian Airlines being granted permission to operate direct flights between Entebbe to Juba that are set to start next week....
Microsoft profit hurt by Nokia, but revenues jump
Microsoft has said its profits have taken a hit from its newly acquired Nokia phone division but that revenues have got a strong lift from cloud services....
UIA partners with UNRA to develop roads in industrial parks
SINCE opting for the private sector-led growth strategy to spearhead the attainment of Uganda’s growth and development aspirations, the government has, beyond its traditional policy and regulatory role...
Entrepreneurs’ bus comes to Uganda and East Africa
Entrepreneurs’ bus comes to Uganda and East Africa By Billy Rwothungeyo The AMPION Venture Bus this year makes its debut in Uganda and the other East African countries of Kenya, Rwanda and Tanzania....
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter