Netherlands to support agriculture SMEs

KAMPALA –The Dutch government has promised to support small and medium enterprises engaged in agriculture to make them hit an annual turnover of more than $1 million. The arrangement is a brainchild of Africa Agribusiness Academy (AAA). Enterprises that would be supported are members of AAA.

 

Mr Farid Karama one of the directors of AAA said at a meeting in Kampala that they would evaluate work plans of various members to and map ways of growing their enterprises from small businesses to companies that can make $1 million annually.

 

He said they expect to link members and evaluate the relationship between entrepreneurs in Uganda, Africa and the Netherlands.

He said there are 20 members in Uganda and the number is likely to rise to about 60.

 

“By the end of this year, if all goes according to plan, all the 60 businesses will have a turnover of $1 million dollars which would contribute $60 million to Uganda’s agriculture alone,” he said.

Dr. Stephen Birungi, also a director of AAA advised members to utilise their land for production.

 

 “They should not look at land as a property to be inherited but as resource to be utilised to create wealth,” he said.

Mr Henny Gerner, the First Secretary at the Dutch Embassy said they would continue supporting efforts to link Dutch companies with Ugandan enterprises engaged in agriculture to realize the potential of agriculture in development.