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Can Agriculture support Uganda's economic growth?
Unveiling over a billion dollars in financing for African countries, the world bank's private sector arm the International finance corporation, the IFC Director for sub-saharan Africa Oumar Seydi said they have a role to play by supporting modern food companies, and help them increase income for modern food farmers.

It has been a downward spiral for the country’s agricultural sector over the past three years, with growth slowing to 2.8% in 2015 and further down by 1.3% in 2016.

 

But in supporting the recovery of the economy that is projected to ride on the agricultural sector to attain a 4.9% growth in Gross Domestic Product (GDP), shifts on inputs, financing and value addition are critical.

 

There are equally strong views that structural reforms on the agricultural industry are needed, from increased and profitable productivity to enhanced management of value chains.

 

According to James Kanigye, the Managing director of KK foods wondered whether farmers in Uganda would be able to fill the cold storage rooms, and this is their biggest challenge.

 

Unveiling over a billion dollars in financing for African countries, the world bank's private sector arm the International finance corporation, the IFC Director for sub-saharan Africa Oumar Seydi said they have a role to play by supporting modern food companies, and help them increase income for modern food farmers.