Over $5 Million in Funding to Support Farmers and Agribusinesses in Uganda to Become Climate Resilient
NNN: KOICA and ITC sign a grant agreement to improve the resilience to natural disasters and the competitiveness of farming households and agribusinesses in Uganda, particularly affecting women farmers in North and Northeast 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 (2022-2026) grant agreement that Provides $5.07 million in financing to help ITC boost gender-sensitive resilience to natural disasters and competitiveness for farming households and small and medium-sized enterprises (SMEs) in the cassava, shea and cassava value chains. oilseeds in ten districts in northern and northeastern Uganda. The grant agreement was signed by Taeyoung Kim, KOICA Uganda Country Director, and Dorothy Tembo, ITC Deputy Executive Director at the KOICA Uganda office in Kampala.
The new project called “Strengthening the Resilience and Competitiveness of Agribusinesses – STAR” aims to increase the resilience of small farmers, in particular women, in the face of natural disasters exacerbated by climate change and environmental degradation in Abim, Agago , Kaabong, Karenga, Kitgum, Kotido, Lamwo, Lira, Oyam and Pader districts. 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 adjust to climate concerns.
Targeting 10,000 farming/agropastoral households and 60 cooperatives and SMEs working in the respective value chains, ITC support will focus on: helping farming households increase the value of their production by adapting to climate risks; creating a more conducive business and regulatory environment for women producers and SMEs; and enable SMEs to be more competitive, resilient to natural disasters, and to increase sales and expand into new markets.
The partnership reaffirms the close cooperation between KOICA and ITC, marked by ITC’s three-year SheTrades West Africa project, which will run from 2019 to 2023 and will focus on improving the lives of 10,000 women in the cashew, shea and cassava in Côte d’Ivoire, Guinea. Liberia and Sierra Leone. The new funding supports ITC’s efforts to link small businesses in developing countries to international markets through inclusive and green trade.
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