{"id":70969,"date":"2024-04-12T17:50:49","date_gmt":"2024-04-12T17:50:49","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank"},"modified":"2024-04-12T17:59:47","modified_gmt":"2024-04-12T17:59:47","slug":"farmers-ask-mps-to-give-them-own-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank","title":{"rendered":"Farmers ask MPs to give them own bank"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture and Cooperative Bank.<\/b><\/p>\n

Lt (rtd) Moses Mugisha Magufuri Babyomera, the national coordinator of the Agriculture and Cooperative Bank Promoters, said they submitted a petition to Parliament over the need to expedite the process.<\/p>\n

\u201cWe need a bank that understands the farmer in terms of gestation period. For example, if you go to a bank now and you want a loan to go for coffee which takes around three years, you need a bank that will start asking for loan payment after you have started harvesting,\u201d he said.<\/p>\n

\u201cBut these commercial banks, they give you money today, the next month they want you to start paying back,\u201d he added.<\/p>\n

In a the petition, which this publication has seen, the group said: \u201cParliament and the Cabinet [should] find it proper to establish an Agriculture and Cooperative Bank for the solidification and consolidation of government initiatives in a sustainable manner by giving legal framework.\u201d<\/p>\n

The promoters said in their petition that having this bank in place would address bottlenecks faced in the implementation of interventions such as the Parish Development Model (PDM) and Emyooga Fund.<\/p>\n

\u201c…on several occasions, the government has run programmes for the economic empowerment of Uganda spread through different initiatives such the over Shs250 billion Emyooga fund, Shs1.1 trillion for the PDM programme, over Shs200 billion post Covid-19 stimulus funds….scattered capacity building funds being implemented by MDAs (ministries, departments and agencies), as well as Bank of Uganda partnering with implementing commercial banks,\u201d the petition reads in part.<\/p>\n

\u201cThe ultimate vision and the kind gestures of [the] well-intentioned agenda of government have not come to fruition in a sustainable manner as the Ubos (Uganda Bureau of Statistics) UNHS (Uganda National Household Survey) 2019\/2020 report still shows that 3.5 million households (39 percent) of Uganda\u2019s population is still stuck in a subsistence economy with 62 percent of these in subsistence agriculture a sign that the programmes are not yielding as envisaged,\u201d it added.<\/p>\n

The petitioners said to ensure sustainability and self-sufficiency, which are key for increasing economic growth, there is need to have a hybrid bank that blends the agricultural need and cooperative objective.<\/p>\n

They add that the establishment of an Agriculture and Cooperative Bank is in line with the Cooperative Societies Amendment Act, 2019.<\/p>\n

Lt Babyomera said they are yet to get a response from Parliament on the petition which he says was given to the institution in March last year.<\/p>\n

Mr Fred Mwesigye, a farmer from Nakaseke District, said the bank would be a big win for farmers.<\/p>\n

\u201cWe expect the bank to give farmers loans at a low-interest rate. We deserve that kind of bank because the majority of the population is involved in agriculture,\u201d he said.<\/p>\n

Cooperative bank<\/b><\/p>\n

In September last year, the State Minister for Cooperatives, Mr Fredrick Gume Ngobi, said that plans were underway for the government to revive the Uganda Cooperative Bank to enable Ugandans in cooperatives to save more money in order to invest in projects to develop themselves.<\/p>\n

\u201cFor the first time since our struggle began, the government has accepted that we revive our Cooperative Bank. We have already have it on the Order Paper of Cabinet and it\u2019s only a matter of time that we will be presenting the need for our bank,\u201d he said.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture and Cooperative Bank. Lt (rtd) Moses Mugisha Magufuri Babyomera, the national coordinator of the Agriculture and Cooperative Bank Promoters, said they submitted a petition to Parliament over the need to expedite the […]<\/p>\n","protected":false},"author":84,"featured_media":70967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-70969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nFarmers ask MPs to give them own bank - Uganda<\/title>\n<meta name=\"description\" content=\"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmers ask MPs to give them own bank\" \/>\n<meta property=\"og:description\" content=\"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-12T17:50:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T17:59:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Farmers ask MPs to give them own bank\",\"datePublished\":\"2024-04-12T17:50:49+00:00\",\"dateModified\":\"2024-04-12T17:59:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\"},\"wordCount\":581,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\",\"name\":\"Farmers ask MPs to give them own bank - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg\",\"datePublished\":\"2024-04-12T17:50:49+00:00\",\"dateModified\":\"2024-04-12T17:59:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Farmers ask MPs to give them own bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Farmers ask MPs to give them own bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Farmers ask MPs to give them own bank - Uganda","description":"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank","og_locale":"en_US","og_type":"article","og_title":"Farmers ask MPs to give them own bank","og_description":"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-04-12T17:50:49+00:00","article_modified_time":"2024-04-12T17:59:47+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Farmers ask MPs to give them own bank","datePublished":"2024-04-12T17:50:49+00:00","dateModified":"2024-04-12T17:59:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank"},"wordCount":581,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank","name":"Farmers ask MPs to give them own bank - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg","datePublished":"2024-04-12T17:50:49+00:00","dateModified":"2024-04-12T17:59:47+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712931876.07694.jpg","width":1280,"height":720,"caption":"Farmers ask MPs to give them own bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/farmers-ask-mps-to-give-them-own-bank#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"Farmers ask MPs to give them own bank"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/70969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=70969"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/70969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/70967"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=70969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=70969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=70969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}