Uganda's large electricity consumers will soon start enjoying close to 20 per cent reduction in tariffs after the government signed a deal will see the loan repayment period for the Bujagali hydropower project loan extended by 15 years. Uganda’s big manufacturers will get reduced power tariffs, like their counterparts in Kenya, who have since December 2017 enjoyed discounted night-time tariffs. Read more. Source | East African
The Tanzania Railways Corporation (TRC) has launched a cargo service to Uganda through the Lake Victoria ports of Mwanza and Port Bell. The train will connect the port of Dar es Salaam to Uganda through Tabora and Isaka in western Tanzania, then Mwanza port by ships plying the lake. Read more. Source | East African
Agriculture was the main driver for the Kenyan and Ugandan economies in the first three months of this year, expanding almost 10 per cent from 2017. Kenya said its economy expanded by 5.7 per cent in the first three months of 2018, compared with 4.5 per cent over the same period last year. Read more. Source | East African
World Food Programme has hailed resumption of marine cargo transport services on Lake Victoria between Mwanza Port and Port Bell in Uganda last week after stopping for ten years. WFP National Logistics Officer, Mr Mahamud Mabuyu who witnessed the launching of the trips to Port Bell said the resumption meant that the new route by lake and rail from Tanzania would cut food delivery time by more than half. Read more. Source | Daily News
A section of the public wants government to offer long-term funding to improve Micro Small and Medium Enterprises’ access to credit lines. Over the Mid Term, the Uganda Development Corporation (UDC) going by its draft strategic plan, needs at least Shs500 billion to fund the establishment of joint ventures with the private sector in agro-processing and manufacturing Enterprises, a move which economists support. Read more. Source | Daily Monitor
The Agriculture Insurance Scheme has grown to Shs4.5b in terms of premiums, with actual utilisation from the government programmes standing at Shs1.5b, according to the Agro Consortium, which brings together 10 local insurers. Speaking at the National Agriculture and Food Security Forum in Kampala yesterday, Ms Joan Nyangoma, of the Agro Consortium, said over the past two years, the scheme has been able to reach 50,000 farmers across the country. Read more. Source | Daily Monitor
The Government of Uganda has catalyzed its efforts to promote the value addition of tea bu setting up two tea factories at a total worth of $2.4 million. Tea is one of Uganda’s most precious commodities that has helped the government earn revenue from its exports. As a means of steering the agricultural sector, the factories are meant to increase foreign exchange earnings from the green leaf. Read more. Source | The Exchange
East African countries could lead the world in growth in consumption of tea during the next decade, even as they occupy top positions in exports of the commodity. Estimates by the Food and Agricultural Organisation show that Rwanda will lead in growth at nine per cent followed by Uganda at five per cent and Kenya at 4.4 per cent. Read more. Source | East African
Uganda is set to roll out a new Coffee Bill that will create an ecosystem for a better and sustainable coffee industry in the country. The proposed bill is forecast to be the first stepping stone to transform the industry and ensure the nation remains competitive in the international market as well. Coffee is the country’s main export as per the agriculture sector, and has performed graciously over the years.
The future of the commodity has raised eyebrows with the performance not convincing to the market key players as farmers feel more can and should be done to protect their rights and help them boost their yields. The quality of the produce has been the main concern over the commodity, with the international market demanding speciality in the sector. Read more. Source | The Exchange
Feed the Future, part of USAID has announced that 228 applications were received, mostly from Africa, for the global Fall Armyworm Tech Prize. The Prize aims to find digital solutions to identify, track and protect crops from the pest, which has devastated agricultural produce across the continent.
Over 80% of the entries came from Africa with the five countries with the highest number of entries being Uganda 52, Nigeria 25, USA 23, Ghana 22 and Kenya 21. Read more. Source | The Exchange