Museveni Commends Denmark for Supporting Uganda’s Agriculture
President Yoweri Museveni has commended the government and the people of Denmark for the support to Uganda over the years.
He singled out the 40 milk coolers and the USD 28 million Shillings fund to build the run-way among others.
Denmark is supporting local farmers with cheap loans through their ABI Trust Bank at a 10 per cent interest rate according to Agriculture Minister Vincent Bamulangaki Ssempijja.
Danish Ambassador to Uganda, Nicolaij Petersen said that they have so far invested USD 15 million in the agricultural sector to be borrowed by farmers through the ABI Trust Bank at a low-interest rate.
The president welcomed the arrangement and said that the channel of the money should be very cheap and beneficial to the farmers.
He advised them to look at the Uganda Development Bank (UDB) as a potential partner because they also give low-interest loans.