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Wednesday, May 10, 2017

China partners with Uganda on agribusiness investment.

China partners with Uganda on agribusiness investment. Chinese technicians ,50 kilometers north of the capital Kampala continue to set up the first agricultural industrial park in the East African country of Uganda. In different parts of the country, Chinese experts advise local farmers on how best to make agriculture a lucrative business. In the capital, Chinese enterprises at a one day China-Uganda business forum are networking to devise ways of setting up more businesses in the country. Among the key discussions in the meeting attended by top Ugandan government officials and Chinese enterprises is the agriculture sector, the mainstay of the economy. Agriculture is Uganda's main economic activity with over 70 percent of the country's population deriving its livelihood from the sector. In different parts of the country, Chinese experts advise local farmers on how best to make agriculture a lucrative business. Uganda is projecting based on the experiences back home, that the Chinese enterprises could set up businesses to boost growth in the sector as some Chinese business people have set up shop. The locals are farming Chinese hybrid rice and fox-tail millet both on a small and large scale basis. According to experts, the yield of Chinese hybrid rice is three times more than the local breed from one hectare of land. Similarly, the yield of fox-tail millet is two times more than the local breed, finger millet in the same acreage. continue