The strategy aims to boost trade across member states, with a focus on trade facilitation, regional integration, and capacity building. TradeMark Africa (TMA), an organization focused on promoting trade and economic development across African nations, has launched a new initiative aimed at enhancing value addition in Uganda’s agricultural sector. Since its establishment in 2011, TMA has been working to reduce trade barriers and foster regional integration, and this latest move marks a significant step toward increasing Uganda’s agricultural productivity. Speaking to journalists, Monica Hangi, regional director for East and Central Africa at TradeMark Africa, outlined the organization’s ambitious seven-year strategy, running from 2023 to 2030. The strategy aims to boost trade across member states, with a focus on trade facilitation, regional integration, and capacity building. Ms Hangi revealed that TMA has secured USD 1 billion in funding from 13 donors to support the program. "Discussions in Uganda have centered around value chain enhancement within the agricultural sector, particularly empowering and supporting youth in this area," she explained. With agriculture contributing 24% of Uganda’s GDP and employing over 70% of its workforce, the potential for growth through value addition is immense. The initiative is designed to improve the competitiveness of Uganda’s agricultural products, which could significantly increase farmers’ incomes and generate jobs. Ms Hangi also highlighted TMA’s broader impact, noting that their infrastructure investments across Africa have spurred a 12.8% growth in regional trade, largely due to streamlined trade processes and better market access for agricultural products. During a two-day stakeholder...
TradeMark Africa Launches Initiative to Boost Value Addition in Agricultural Sector
Posted on: October 31, 2024
Posted on: October 31, 2024