Saturday, December 14, 2024
4.9 C
London

DFCU Injects Shs200m in Agriculture

Small and medium scale farmers are to spend one week in Netherlands on a learning expedition in what is the world’s second largest exporter of agricultural produce thanks to DFCU that has sponsored the trip.

On their visit, the thirteen farmers will visit some of the most successful farmers taking advantage of partnership opportunities as well as exploring innovations and best practice that they can apply in Uganda.

The State Minister for Agriculture Christopher Kibanzanga officially flagged off the farmers who left for the Netherlands on Saturday.

Speaking at the event, the chairperson DFCU Bank, Jimmy D. Mugerwa revealed that dfcu in partnership with Netherlands based Rabobank have set up an Agriculture Advisory Centre, which will be operational by July this year.

“With Uganda’s heavy reliance on agriculture, it is critical that there is cross industry collaboration to support the shift from subsistence to commercial farming which is more lucrative. DFCU’s Advisory Center will complement the efforts towards improving the skills set within the agricultural sector,” he said.

DFCU has adopted the value chain based approach to support the transformation of the agricultural sector through financing and capacity building of farmer organizations/associations engaged in viable agriculture projects including coffee, cotton, tea, among others.

As part of DFCU’s agriculture agenda, the Bank is supporting the small-scale farmers to commercialize through products such as the Farmers Group savings accounts, which encourage farmers to save and have access to affordable credit when the need arises.

The 13 farmers emerged winners in the ‘2016 Uganda Best farmer’s competition’ which show cases the best farmers and the best framing practices nationally with intention to inspire farmers in the adaptation of commercial agriculture methods. It is a partnership between DFCU Bank; Vision Group under the New Vision; KLM and the Netherlands Embassy, which has been running since 2014.

The total sponsorship value is over UGX 200,000,000.

Hot this week

FDC Condemns Discrimination in Besigye Rescue Talks

The Forum for Democratic Change (FDC) based in Najjanankumbi...

Uganda Law Council Rejects Martha Karua’s Application to Represent Dr. Besigye

The Uganda Law Council has rejected a foreign lawyer's...

Buganda Kingdom Bans Gravity’s Music

The Uganda National Cultural Center (UNCC)and Buganda Kingdom have...

Branch from Revered Nakayima Tree Kills Four

The Nakayima tree, a special cultural site located in...

7 Common Car Problems on Uganda Road Trips

Road trips have become the norm in Uganda’s travel...

Topics

FDC Condemns Discrimination in Besigye Rescue Talks

The Forum for Democratic Change (FDC) based in Najjanankumbi...

Uganda Law Council Rejects Martha Karua’s Application to Represent Dr. Besigye

The Uganda Law Council has rejected a foreign lawyer's...

Buganda Kingdom Bans Gravity’s Music

The Uganda National Cultural Center (UNCC)and Buganda Kingdom have...

Branch from Revered Nakayima Tree Kills Four

The Nakayima tree, a special cultural site located in...

7 Common Car Problems on Uganda Road Trips

Road trips have become the norm in Uganda’s travel...

SFC Officer Sentenced to Death for Murder

A Special Forces Command (SFC) officer has been sentenced...

Karuma Bridge Rehabilitation Close to Completion

The Uganda National Roads Authority (UNRA) has announced that...

Mayiga Warns Against Efforts to Undermine Rice & Coffee Farming

Buganda Premier, Charles Peter Mayiga, has issued a warning...
spot_img

Related Articles

Popular Categories

spot_imgspot_img