What is Uganda’s agricultural sector strategic plan?
The Ugandan government’s latest Agricultural Sector Strategic Plan highlights oil seeds as part of the four strategic commodities expected to lead the transformation of the smallholder sector from subsistence to commercial farming.
How will a US$30 million loan help Uganda?
A US$30 million loan agreement to Uganda will help improve food security and incomes for more than 120,000 smallholder households in the northern and north-eastern regions engaged in the production and marketing of oil seeds (groundnuts, sunflower, sesame and soy).
Does OPEC Fund support IFAD & Uganda?
The OPEC Fund is pleased to partner with IFAD and the government of Uganda to support this project, which will enhance agricultural resilience and improve food security.” Including the present loan, the OPEC Fund has committed more than US$221 million to Uganda under its public and private sector and trade finance lending windows.
Why is agriculture important in Uganda?
OPEC Fund Director-General Abdulhamid Alkhalifa said: “As Uganda recovers from disruptions related to COVID-19, agriculture becomes increasingly significant for the livelihood of the Ugandan people.