Castor oil can fetch $23m per year
US$23m (sh40.3b) can be earned annually from processed castor oil seeds, the executive director of the Uganda Investment Authority (UIA) has said.
By David Muwanga
US$23m (sh40.3b) can be earned annually from processed castor oil seeds, the executive director of the Uganda Investment Authority (UIA) has said.
Dr. Maggie Kigozi (right) said, “This is one of the strategic sectors, which can increase peasants’ incomes but with a strong export bias.â€
She said this while presenting a paper during the Bushenyi District Investment Forum at the district headquarters recently.
Kigozi said re-introduction of castor oil in Uganda would require a core investor on a nucleus estate of about 5,000 hectares and an outgrowers’ programme on 15,000 hectares.
The other sectors worth investing in are bee keeping, ostrich farming, production of fruits, goats, coffee, fish farming and processing of okra and chilies.
Ends
US$23m (sh40.3b) can be earned annually from processed castor oil seeds, the executive director of the Uganda Investment Authority (UIA) has said.
Dr. Maggie Kigozi (right) said, “This is one of the strategic sectors, which can increase peasants’ incomes but with a strong export bias.â€
She said this while presenting a paper during the Bushenyi District Investment Forum at the district headquarters recently.
Kigozi said re-introduction of castor oil in Uganda would require a core investor on a nucleus estate of about 5,000 hectares and an outgrowers’ programme on 15,000 hectares.
The other sectors worth investing in are bee keeping, ostrich farming, production of fruits, goats, coffee, fish farming and processing of okra and chilies.
Ends