The Ministry of Agriculture, Animal Industry and Fisheries is spearheading the expansion of Uganda’s oil palm industry through the National Oil Palm Project, a government-led initiative designed to enhance rural livelihoods and boost agro-industrial growth. In partnership with Equity Bank Uganda and with funding support from the International Fund for Agricultural Development (IFAD), the ministry is implementing the project across Mayuge, Bugiri, and Namayingo districts. Catherine Psomgen, Director of Public Sector and Social Investments at Equity Bank Uganda, says over 900 farmers have already accessed Shs 1.2 billion in financing. The funding enables them to purchase quality seedlings, adopt improved farming practices, and invest in productivity-enhancing technologies.
UGX 1.2 billion injected in palm oil development
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