A report, “Fostering a sustainable agro-industrialization agenda in Uganda, has been launched with a call on the government to re-organize the scattered public resources to help finance agro-industrialization.
“Agro-industrialization can be financed by adjusting the available funding mechanisms such as the Agriculture Credit Facility to target Agro-industrialization,” said by Dr Swaibu Mbowa, a Senior Research Fellow at the Economic Policy Research Center while presenting the Report at Golf Course Hotel Kampala recently.
Mbowa notes that better production technologies such as irrigation, use of fertilizers and improved seeds, mechanization and the use of drones to monitor crop pests and diseases will highly improve on productivity.
The report also proposes a program based approach in the planning and implementation of Agro-industrialization agenda in Uganda.
In addition, Mbowa said that if the agro-industries increase on the supply and reliability of agricultural raw materials for the Agro-Manufacturing industries, several farms will be provided with opportunities that will lead to exportation hence earning foreign exchange for the country.
Matia Kasaija, Uganda’s Minister of Finance launched the report and said that Vision 2040’s major aim is to transform Uganda’s economy through industrialization by linking the highly dominated agricultural sector to agro-industries.
“Agricultural industrialization offers a great opportunity for the country to embark on its long-term aspiration of transitioning into a modern industrial economy,” said Kasaija.
Kasaija added that agricultural industrialization has the potential to promote inclusive and equitable growth, especially in rural areas as well as closing regional income disparities.
“Uganda has a positive trade balance for agro-industrial products valued at USD 420 million as of 2016 that can be improved by tapping into the growing local market of agro-manufactured products via import replacement and fully exploited opportunities available in international markets (export promotions),” said Kasaija.
BY GEORGE PIWANG