The Private Agricultural Sector Support (PASS) will dish out 184bn/- to potential local agricultural investors in the country to support them carry out commercial farming. That is a continuation of financing boosts the organisation has extended for the past 18 years of its establishment in which it has provided around 713bn/- invested in over 929,000 projects countrywide.Speaking to reporters over the weekend, PASS Managing Director Nicomed Bohay said in the period under review, the Organisation has worked with 15 financial institutions for a number of collaborations in its wake of empowering its target beneficiaries. Read more. Source | Daily News
Did you know that you can cash in on agriculture without necessarily tilling the land?
According to Uganda Bureau of Statistics (Ubos), agriculture is the most important sector of the economy. The sector employs more than one-third of the work force along the value chain and there are still other opportunities of making some money.
This is possible especially if you add value to what farmers produce. This article shows how you can add value to several commodities and earn a premium price. Read more. Source| Daily Monitor
Three years ago, we had the privilege of meeting with the President of Rwanda (as part of the YPO group) and hear in person about his priorities for Rwanda and the Made-in-Rwanda initiative.Following that meeting, we started studying all sectors of the economy in the country, to see which one would have the most impact. It became clear that the largest sector in the country, agriculture, was the one to focus on. Read more. Source | New Times
The future of the tea and coffee sectors globally now depends largely on the use of the latest technology and cost effective processing. Players in the tea and coffee sectors are scheduled to meet in India in November to discuss the future of these cash crops at the 7th edition of World Tea Coffee Expo (WTCE).
The WTCE identifies market trends, global drivers, challenges, constraints, threats and investment opportunities in tea and coffee market.The event is expected to showcase innovative tea and coffee brands, machinery, equipment, packaging, technologies and vending solutions. Read more. Source| The East African
The government has called for unified efforts among stakeholders to forge a common goal of utilizing the local market as an economic stimulus for increased value addition on agricultural crops. “This in principle will widen trade, increase jobs, expand specialization, reduce environmental degradation, increase incomes and investment, save time and foster shelf-life of products,” said Ms Dorotha Mwaluko, the Permanent Secretary (Policy, Coordination and Investment) in the Prime Minister’s Office in her speech when opening the 7th National Reference Group Meeting (NRG7) in Dar es Salaam. Read more. Source | Daily News
Tanzania plans to invest 170 billion Tanzanian shillings ( $72.4 million) in a five year ambitious project to transform its agriculture sector under the second phase of its National Agricultural Sector Development Plan.The budget was tabled before parliament earlier this week by the country’s the Minister for Agriculture, Dr Charles Tizeba and represents the whole amount that his ministry plans to invest for the next fiscal year 2018/19. Read more. Source | The Exchange
The Common Market for Eastern and Southern Africa is pushing member states to align their laws with the bloc’s regulations to abolish trade barriers.The bloc says that the Comesa Seed Trade Harmonisation Regulations will lead to increased seed production, supply reliability, enhanced trade and competitiveness of the seed sub-sector. Read more. Source | The East African
The Ministry of Agriculture and Animal Resources is calling on the private sector to invest in cereals storage and related technology as part of the efforts to tackle post-harvest losses. This, if followed through public and private investment in crop storage technologies, the government said, could curb post-harvest losses from the current 16 per cent to 5 per cent by 2024.
One of the grains storage technologies is the production of the Purdue Improved Crop Storage (PICS) bags that are a simple and cost-effective way of storing grains and seeds without using chemicals preservatives to control insect pests. Read more. Source | New Times
The Tanzania Chamber of Commerce (TCCIA) is set to award stakeholders who have done tremendous and extraordinary work that contributed to the growth of the agricultural sector last year.
The special awards will be the first of its kind in Tanzania and will have 40 categories to be competed for by looking at various issues ranging from innovation, quality and dedication towards the sector. In an interview with journalists, the TCCIA director Fatimah Hamis stated the awards will identify individuals and companies who have brought positive change to the society as well as selling Tanzania as the best destination for agriculture. She said the awards will be a catalyst towards bringing more people into the sector as well as empowering those already in the sector to do more. Read more. Source | The Exchange
Foodstuffs dominated Uganda’s exports to regional markets in 2018, with farmers enjoying improved yields due to favourable weather.However, manufacturers faced weak demand for their products even as recent political developments in the Democratic Republic of Congo and South Sudan give hopes of stronger demand for industrial products this year.
According to Bank of Uganda data, total exports to Kenya rose to $719m as of December 2018 compared to the $551.06m recorded in 2017 with maize grain topping the exports. In addition to maize, Uganda exported beans, simsim, pineapples, watermelons and eggs in the second half of 2018. Read more. Source | Daily Monitor