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Agricultural financing is the missing link

Agricultural financing is the missing link

Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-07-26 03:48:55

While agriculture’s share of national Gross Domestic Product (GDP) has fallen below 30 percent over the last 40 years, about 70 percent of the population derive their livelihood from the sector.

It is obvious, therefore, that increasing the productivity of our farms will have a huge ripple effect throughout the economy.

While there are many components to increasing the productivity of our rural areas, agricultural finance is easily the silver bullet that will tie all these components together.

The Bank of Uganda’s latest state of the economy report showed that of the total…

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