DANIDA to sink sh30b in agric

Jul 17, 2005

THE Danish International Development Agency (DANIDA) has earmarked about sh30b for development of agri-businesses in the country.

By Chris Kiwawulo
THE Danish International Development Agency (DANIDA) has earmarked about sh30b for development of agri-businesses in the country.
Dr David Kamukama, DANIDA’s agri-business project representative, said the funds would be channelled through the Agricultural Sector Programme Support.
He said the funds would support small and medium enterprises’ agri-business development for the next four years.
Kamukama said this during a workshop at Uganda Manufacturers Association Main Hall in Kampala recently.
The workshop was organised by the Agricultural Council of Uganda (ACU).
“Under the programme, the private sector will be supported in a loan guarantee scheme, delivery of services to small-holder farmers, micro-leasing and enterprise innovation funding,” he said.
Kamukama said the Danish organisation chose to support the private sector because of its more vigorous role in the development of agriculture in Uganda.
The president of ACU, Dr John Otim, said the programme was an opportunity for small enterprises to access loans.
“DANIDA consultants will guide you on how to write good project proposals to acquire loans from financial institutions at no cost,” Otim said.
However, he asked the entrepreneurs to take the programme seriously if they are to benefit from the free services.
The workshop aimed at increasing lending to small and medium enterprises.
It also aimed at creating awareness about how the small enterprises can assess the agri-business development services easily.
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