Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-11-07 09:58:09
In a groundbreaking move, stakeholders including Cooper Motor Corporation (CMC) Uganda Ltd and several commercial institutions have teamed up to offer subsidised asset financing to sugarcane out-growers in Busoga sub-region.
This partnership aims to enhance sugarcane haulage, improve farmers’ productivity, and increase their earnings.
A 2022 report showed Busoga’s poverty level stood at 29.2 per cent, surpassing the national average of 20.3 per cent.
“We realised borrowing from commercial banks was costly, but after six months of negotiations,…
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