Where are these 4.3M households that are benefiting from these loans? Please
circulate widely.
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From: Ssemakula <james_ssemak...@yahoo.com>
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Sent: Saturday, October 29, 2011 8:37 AM
Subject: US$ 52 million IFAD loan to Uganda making $296M
US$ 52 million IFAD loan to boost vegetable oil development in Uganda
Rome, 21 October 2010 – A US$ 52 million loan from the International Fund for
Agricultural Development (IFAD) to the Republic of Uganda will help to lay the
basis for agricultural driven rural development.
The loan agreement for the Vegetable Oil Development Project Phase 2 (VODP2)
was signed today in Rome by Deo K. Rwabita, Ambassador of the Republic of
Uganda, and Kanayo F. Nwanze, President of IFAD.
The VODP2 will raise the volume of oilseed crushing material produced by
smallholders and consolidate direct linkages with the processors to ensure the
supply of vegetable oil and its by-products to Ugandan consumers, to increase
their per-capita consumption of oils and fats in the diet. The VODP2 will
focus its activities on oilseed development around four hubs (Lira, Eastern
Uganda, Gulu and West Nile) covering 43 districts. Oil palm activities will
be carried out on Bugula Island in Kalangala District (Ssese islands), and new
oil palm development will be carried out on Buvuma Island in Mukono District.
When the Vegetable Oil Development Project first phase started in 1998 to help
the Government of Uganda increase its production of vegetable oil in order to
decrease the country’s dependence on imported oil, per-capita consumption of
oils and fats in the average Ugandan diet was about 15% of the annual minimum
requirement. While smallholder producers of oilseeds and oil palm will
increase their incomes, the real beneficiaries of this project will be Ugandan
consumers. Under the first phase of VODP, by 2009, per capita consumption of
oil and fats in the rural Ugandan diet had almost doubled, to about 30% of the
annual minimum requirement.
Under the VODP2, it is estimated that by 2018, per capita consumption should
double again to almost 60% of the annual minimum requirement, with Ugandans
consuming vegetable oil from crops produced and processed in Uganda.
VODP2 is co-financed by Oil Palm Uganda Limited (OPUL), Kalangala Oil Palm
Growers Trust (KOPGT), the Government of Uganda, the beneficiaries and a grant
from The Netherlands Development Organisation. VODP is the only large
public-private partnership in IFAD's portfolio. “The process of identifying a
private sector partner willing to commit to working with smallholder farmers
has taken time, as have negotiations to ensure equity for smallholders, and
plantation development in line with modern environmental standards” said
Marian Bradley, IFAD Country Programme Manager for Uganda.
The project is expected to benefit directly some 3,000 smallholders from oil
palm development and 136,000 households will benefit from oilseed development.
Other value chain activities will include HIV/AIDS and gender awareness
building, and social inclusion focussed on gender and youth.
To date, IFAD has financed 14 projects and programmes in Uganda for a total
investment of US$ 295.5million benefiting 4,281,150 households.
________________________________
Notes to editors
* Projections show that national production and processing of
palm oil will save Uganda about US$60-80 million a year in crude oil
imports.
* Oil palm is a highly sustainable, energy-efficient crop
and is eight to ten times more productive than any other annual oil crop.
* Palm oil processing produces fewer carbon emissions than other
sources of oilseeds that require annual planting. It is also energy
efficient, because milling is powered by the waste from processing the
fruit.
* Before the Vegetable Oil Development Project Phase 1 began,
there were few livelihood options and a limited range of government
services. Today, project activities have improved local infrastructure on
the island and services have greatly increased.
________________________________
For images of IFAD’s work in Uganda please visithttp://photos.ifad.org and
quick search ‘Uganda’
________________________________
Press release No.: IFAD/67/2010
The International Fund for Agricultural Development (IFAD) works with poor
rural people to enable them to grow and sell more food, increase their incomes
and determine the direction of their own lives. Since 1978, IFAD has invested
over US$12 billion in grants and low-interest loans to developing countries,
empowering more than 360 million people to break out of poverty. IFAD is an
international financial institution and a specialized UN agency based in Rome –
the UN’s food and agricultural hub. It is a unique partnership of 165 members
from the Organization of the Petroleum Exporting Countries (OPEC), other
developing countries and the Organisation for Economic Co-operation and
Development (OECD). http://www.ifad.org/media/press/2010/67.htm
James Ssemakula_______________________________________________
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