The Government of Uganda has taken a significant stride in boosting the country’s palm oil industry through a strategic partnership with Bidco Uganda Limited. An agreement was signed September 29, 2023, between the government and Bidco, marking their joint effort to expand palm oil cultivation in Sango Bay, Kyotera District.
The agreement, signed at the Office of the Prime Minister, was endorsed by Matia Kasaija, the Minister of Finance, Planning and Economic Development, on behalf of the government. Anoop Sharma, the General Manager of Bidco, represented the company during this milestone.
Attending the signing ceremony, Prime Minister Robinah Nabbanja emphasized that the expansion of the palm oil industry would play a crucial role in reducing Uganda’s reliance on imported raw materials for soap and cooking oil production. Furthermore, this partnership is expected to enhance government revenue and generate employment opportunities for local communities, including small-scale out-growers.
Fred Bwino, the Minister of State for Agriculture, Animal Industry and Fisheries, along with Mr. Atoke Francis, the Solicitor General, also graced the occasion to express their support for this initiative.
Bidco Uganda Limited, which currently operates in Kalangala and Buvuma Districts, has demonstrated its commitment to sustainable practices in the palm oil sector. Through this venture, they aim to leverage their expertise to foster inclusive growth and development in Sango Bay.
The successful implementation of this agreement will not only strengthen Uganda’s palm oil industry but also contribute to the nation’s self-sufficiency and socio-economic progress.
This expansion reflects the government’s dedication to promoting domestic production, reducing imports, and fostering a thriving agricultural sector. With Uganda’s vast potential in palm oil cultivation, this collaborative effort is poised to enhance the nation’s standing as a key player in the industry while benefiting local communities and fostering economic progress.