Cabinet Okays Borrowing of USD 76M to Support Agricultural Value Cabin Development

Posted: 2018-06-26T10:31:57Z
Cabinet Okays Borrowing of USD 76M to Support Agricultural Value Cabin Development

Cabinet sitting at state house on  Monday June 25, 2018 at State House Entebbe under the Chairmanship of H.E the President has approved the proposal to borrow USD 76.95Million from the African Development Bank (ADB) to support the Agricultural Value Chain Development Program (AVCP).


This program is expected to focus on provision of water for irrigation at two levels: for rice farmers in Eastern Uganda through construction of a big irrigation scheme; and small scale irrigation for upland rice farmers in Northern Uganda;


The program will also addressing value chain constraints for maize, rice and dairy/beef farmers in 28 districts;


It also aims at increasing volumes of high value grades of maize and rice in order to obtain premium prices in the Domestic and Regional markets; and


The program will also provide logistical support to dairy regulatory activities countrywide and supporting the construction and equipping of an internationally accredited laboratory at the Uganda National Bureau of Standards, for Ugandan exports.


During the same sitting, cabinet also approved the National Curriculum Development Centre (Amendment) Bill, 2017. 


The amendment is intended to among others; remove limitations over eligibility of appointment of Chairperson of the Council; and harmonize the budgeting cycle of the Centre with that of Government since Government is the statutory source of fund.