Kigozi tells investors to set up agric banks
Apr 03, 2006
Investors should set up agricultural banks that are farmer-friendly so as to boost the sector, the executive director of the Uganda Investment Authority (UIA), Dr. Maggie Kigozi, has said.
By Ronald Kalyango
Investors should set up agricultural banks that are farmer-friendly so as to boost the sector, the executive director of the Uganda Investment Authority (UIA), Dr. Maggie Kigozi, has said.
“Uganda has a lot of investment opportunities in different fields. You should not be scared by chaos as portrayed by the media. The Government is committed to providing all the necessary security for your businesses,†Kigozi said.
She was presenting a paper, “Agricultural investment opportunities in Uganda,†at the sixth African Seed Traders Association meeting at the Imperial Resort Beach Hotel Entebbe.
Kigozi said the country still lacks genuine banks that can give loans to farmers with low interest rates.
“The existing banks charge high interest over a limited time scale. This has greatly scared away farmers because most agricultural crops are seasonal crops which must be given ample time,†she said.
Ends
Investors should set up agricultural banks that are farmer-friendly so as to boost the sector, the executive director of the Uganda Investment Authority (UIA), Dr. Maggie Kigozi, has said.
“Uganda has a lot of investment opportunities in different fields. You should not be scared by chaos as portrayed by the media. The Government is committed to providing all the necessary security for your businesses,†Kigozi said.
She was presenting a paper, “Agricultural investment opportunities in Uganda,†at the sixth African Seed Traders Association meeting at the Imperial Resort Beach Hotel Entebbe.
Kigozi said the country still lacks genuine banks that can give loans to farmers with low interest rates.
“The existing banks charge high interest over a limited time scale. This has greatly scared away farmers because most agricultural crops are seasonal crops which must be given ample time,†she said.
Ends