07 July 2011
By Honorine Nininahazwe Agriculture has been regarded as the backbone of the African Continent in terms of economic growth. Each year governments allocate funding to the sector for sustainable development. However, they have struggled to bring about tangible changes in the sector. Financial experts attribute this to a number of obstacles preventing them from operating [...]
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07 July 2011
By Yvonne Msemembo and Stella Teta Savings and credit cooperative, so-called SACCOS, are often the only providers of financial services in rural areas. Despite this development in Uganda they have had a mixed record of success and failure. Frequent reports about mismangement and fraud make many farmers think twice before becoming a member. But this is not [...]
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07 July 2011
By Emmanuel Wodomal Emrow For many farmers in eastern and sub-Saharan Africa, micro-financing has delivered sustainability and growth. It’s paving the way for agricultural investment in the region, which single-handedly holds the potential to transform the poverty-stricken continent into not just a surplus for food but a huge business arena to better the lives 0f [...]
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07 July 2011
By Irene Simiyu and Nicholas Nyombi Prince Mobile money, a service that allows people to do financial transactions on their phones has become so popular in Uganda, especially in the rural areas. A recent Finscope study reveals that only 18% of Ugandans are served by the formal financial institutions. As a result, people in rural areas [...]
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07 July 2011
By Timothy Ondere They say “money makes the world go round” — and indeed it does. I strolled down the streets of Kampala, brushing shoulders with street kings, queens and their proteges, trying to find out how they put food on the table. Truth be told, though we have many unpublishable ways of making money [...]
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07 July 2011
By Vincent Wamundu With the recent rise in security scares, security detail was beefed up to protect the world in Kampala. The bell was used as sign to show things were ready to roll in the Victoria ballroom. Since many people from different nationalities attended, translation was a key factor. In the first meeting on the [...]
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07 July 2011
Photo: sarahemcc By Brenda Nalumansi Agriculture is the central pillar of many African economies. As cocoa farming is to Ghana, Kenya is significant for tea, Uganda has a long tradition of coffee production and is now ranked second in Africa and seventh in the world in terms of output. The Uganda Coffee Development Authority (UCDA) [...]
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07 July 2011
By Jane Uwimana During a recent “Making Finance Work for Africa” conference in Kampala, finance institutions were asked to work together with governments in order to support farmers financially and provide easy access to loans. Policy makers and farmers highlighted the need for better infrastructure and market policies to support the agriculture business in Uganda [...]
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