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Over $5 Million in Funding to Support Farmers and Agribusinesses in Uganda Becoming Climate Resilient


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KOICA and ITC signed a grant agreement to improve natural disaster resilience and competitiveness of farmer households and agribusinesses in Uganda, particularly affecting women farmers in Northern and Northeastern Uganda.

The Government of the Republic of Korea through its development agency, the Korea International Cooperation Agency (KOICA), and the International Trade Center (ITC) signed a four-year grant agreement (2022-2026) providing funding of $5.07 million to support the ITC in enhancing gender-responsive resilience to disasters. nature and competitiveness for farm households and small and medium-sized enterprises (SMEs) in the cassava, shea and oilseed value chain in ten districts of Northern and Northeastern Uganda. The grant arrangement was signed by Taeyoung Kim, Country Director of KOICA Uganda, and Deputy Executive Director of ITC Dorothy Tembo at the KOICA Uganda office in Kampala.

A new project called “Strengthening Agribusiness Resilience and Competitiveness – STAR” aims to increase the resilience of smallholders, especially women, to natural disasters exacerbated by climate change and environmental degradation in Abim, Agago, Kaabong, Karenga, Kitgum, Kotido, Lamwo , Lira , Oyam, and Pader. Producers and agribusinesses can actively contribute to and benefit from decisions about how their communities and businesses develop and implement disaster risk reduction measures and adapt to climate problems.

Targeting 10,000 agricultural/agro-pastoral households and 60 cooperatives and SMEs working in their respective value chains, ITC support will focus on: supporting farm households to increase the value of their production by adapting to climate risks; create a more supportive business and policy environment for women producers and SMEs; and enable SMEs to be more competitive, resilient to natural disasters and increase their sales and expand into new markets.

Background

This partnership reaffirms the close collaboration between KOICA and ITC, marked by the three-year SheTrades West Africa ITC project running from 2019 to 2023 that focuses on improving the lives of 10,000 women in the cashew, shea and cassava sectors in Ivory Coast, Guinea, Liberia and Sierra Leone. The new funding supports ITC’s efforts to connect small businesses in developing countries to international markets through inclusive and environmentally friendly trade.

Distributed by APO Group on behalf of the International Trade Centre.

This Press Release has been issued by APO. Content is not monitored by the Business Africa editorial team and is not content that has been vetted or validated by our editorial team, evidence readers or fact checkers. The publisher is fully responsible for the contents of this announcement.

Over $5 Million in Funding to Support Farmers and Agribusinesses in Uganda Becoming Climate Resilient

Source link Over $5 Million in Funding to Support Farmers and Agribusinesses in Uganda Becoming Climate Resilient

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