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Central Bank Suggested Uganda to Provide Packaged Financing Services

Central Bank Suggested Uganda to Provide Packaged Financing Services

Photo from World Wildlife

Louis Kasekende, the deputy governor of Central Bank, said that targeted and well packaged financing services will improve the agriculture.

While delivering a key note address on whether the present agriculture finance and investment instruments are ideal to realise the Green Revolution in Africa, Mr Kasekende said a holistic and well packaged approach must be adopted by all the financing institutions in Uganda and Africa.

"Any effort aimed at modernising agriculture including financing instruments must target the vulnerabilities of the typical African farmer."

"So the approach should include strengthening management capacities of farming groups, enhancing quality, and dealing with coordination inefficiencies in the provision of agriculture services," he said.

Uganda and Africa at large, has been putting in place measures that seek to modernise agriculture.

Uganda has for more than a decade struggled to fulfill the Maputo Declaration, which demands that African countries must appropriate 10 per cent of their budgets to agriculture.
Mr Kasekende said interventions such as improvement in rural infrastructure, provision of extension services, strengthening legal regimes and access to quality seeds, among others must be availed if agriculture is to improve.

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