Danish investors seek to tap into Uganda’s agricultural sector
A group of Danish entrepreneurs are in the country in a bid to explore a working relationship between Uganda and Denmark but also extend support to Ugandan farmers in several ways.
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At a meeting held at the Danish Embassy in Kampala, the group consisting of seven companies and key players in the Danish agricultural and agribusiness sector revealed that they are in Uganda to seek potential local partners .
“As it is in Uganda, many of us from Denmark grew up on farms and later moved to cities. Both Uganda and Denmark have agriculture as their backbone. Therefore, Denmark being one of the leading countries in food production, has a lot to share with Uganda as far as Agricultural technology is concerned,” Signe Winding Albjerg, the Danish Ambassador to Uganda.
He noted that they are also aiming at improving Uganda’s agricultural sector at the same time conserving the environment.
“We have strong Danish businesses that are more experienced in post-harvest handling, waste management handling, energy efficient agro-processing procedures and we are here to connect them to local companies.”
Albjerg further noted that the Danish government through various Financial Institutions like Abi Finance has put in place 95 million US Dollars to be lent out to smallholder farmers as a support mechanism to improve their productivity as well as climate change adoption.
Jeppe S Peddersen, the International Chief Advisor of Danish Agriculture and Food Council noted that they are going to work with Ugandans to increase on their earnings from their farms on top of reducing emissions.
Andrew J Bende, Senior Associate, Bio Innovation Institute of Denmark revealed that they have put much emphasis on developing and middle-income countries to assist them use their available resources to improve their economy.
The team will also hold a seminar with Ugandan stakeholders, such as the Uganda Investment Authority, and leading banks, and business-to-business meetings with potential partners and clients.
During their stay in Uganda, the companies will also participate in the EU-Business Forum on the to further discuss agriculture and food technologies and value addition of agricultural products for Uganda’s economic growth.
