Ugandan farmers to benefit from $12m fund

A farmer waters her seedlings. Ugandan farmers will access affordable credit to boost food production. PHOTO | FILE

Uganda has launched a new fund to ease access to affordable credit by enterprises involved in value addition in the agricultural sector.

The Ush46 billion ($12.7 million) Yield Fund targets 20 enterprises and is supported by the National Social Security Fund, the European Union and the International Fund for Agricultural Development (IFAD).