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The United States Agency for International Development (USAID) has injected $159m (Shs527b), towards revamping over 40,000 cooperative unions scattered across Uganda to make them viable businesses.

Speaking at the launch of the programme last week, Mr Jo Lesser Oltheten, the director economic growth at the US mission in Kampala, said that the term ‘farmers cooperatives’ would be renamed to ‘producer organisations’ over the five-year span of the project. The change is intended to scale them up to strong businesses which will create market linkages for member farmers dealing in maize, coffee and beans and enable them benefit from extension services, market linkages, good governance and proper management of the organisations.

“We want to build linkages where we have an alliance of agricultural businesses working with the farmers’ federation, civil society organisations, funding agencies and research institutions,” she said, adding that part of the activities will involve addressing the issue of in-put supplies and post-harvest handling.

The project is working with UN agencies such as the Food and Agriculture Organisation and World Food Programme to ensure that there is food security in the country to reduce hunger and poverty.

In the financial 2016/2017 2 Billion shillings is being planned for allocation to the Ministry of Trade and Industry with a view of strategizing for the revival of cooperative unions.

According to key sector players, 2BN is however a drop in the ocean with the Uganda Cooperative Alliance now saying that at least 30 Billion shillings would be a good starting point for the cooperative movements revival.

7th Annual General Meeting was held at Grand Global Hotel On 12th/June/2015 Uganda Central Co-operative Financial Services (UCCFS) held its 7ths Annual general meeting (AGM) at Grand global Hotel in Makerere Kikoni Kampala.

The one day meeting attracted so many delegates from different parts of Uganda. Our guest of Honor was Registrar of Cooperatives Office – Assistant Commissioner Bob Barigye.

All agenda items were passed with overwhelming approval by the shareholders in accordance with the recommendations of management. See more in pictorial.