Uganda’s Finance ministry pledges continued support to Inspire Africa coffee Park.

Uganda’s Finance ministry pledges continued support to Inspire Africa coffee Park.

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Government of Uganda is expanding investments in the Africa Coffee Park in Ntungamo District to shift from raw coffee exports to value added products like processed and instant coffee, aiming for higher global market prices and industrialization.

During site inspection by the state minister for finance Henry Musasizi, alongside the chairperson of parliament’s Committe on Finance, Planning and Economic Development, Amos Kankunda, it showcased operational processing facilities and reviewed a range of finished coffee products ready for the market.

The visit also showcased the Park’s capacity and ability to process raw coffee into export ready goods higlighting a practical shift toward value addition and reduced reliance on unprocessed exports.

“This project will transform the coffee sector, its biggest emphasis is value addition which will give us better prices in the global market” Musasizi said.
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The minister acknowledged challenges such as limited acces to water and electricity which constrain full scale production. He however pledged government support to ensure the project reaches its full potential. Source: nile post

The visit highlighted Uganda’s coffee export surge from $350 million to $2.4billion over the past decade positioning the park as a special economic zone to attract tourism, boost local consuption and potentially multiply sector revenue tenfold.

Mr Nelson Tugume, CEO,Africa Coffee Park emphasized the importance of local consuption in strengthening the sector.

“The moment we start drinking our own coffee as ugandans, we begin to build a presence in global market. Domestic consuption is key to growing revenue and cash flow.” Mr Tugume Said.
Source: Nile post
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