The funding is expected to help the Global Environment Facility GEF to support its new four-year investment cycle, known as GEF-7, to help safeguard the worlds forests, land, water, climate, and oceans, build green cities. The money will also be used to protect threatened wildlife, and tackle new environmental threats like marine plastic pollution.
The transition to green growth according to the National Planning Authority entails a number of trade-offs for some investments which calls for a clear understanding of where to devote policy effort and priority areas like enhancing Ugandas economic growth while creating new opportunities for decent employment.
Finance Minister, Matia Kasaija in June allocated USD 2 million to introduce Index insurance in the country. The facility provides a 50 percent premium subsidy to smallholder farmers while large-scale farmers are given 30 percent premium subsidy.
Henry Jumba, an Electric Engineer with the Company says the project feasibility studies were completed in June 2016. The nine mini hydro stations are expected to produce 0.5MW - 1.5MW of electricity for use in the communities as well as supply to the main electricity grid.
Petroleum Authority Executive Director, Dr. Earnest Rubondo, says the law requires that only companies and professionals registered to the National Supplier Database are eligible to supply goods and services to the oil and gas sector. The Authority at the beginning of July listed of over 440 firms to the National Supplier database for 2017. Rubondo says the registration for the 2018 database opens on 1st September 2017.
Parliament in January 2016 passed the Financial Institutions amendment Act allowing insurance companies to use banks as a distribution channel for their services. It is hoped that bancassurance will create opportunities for growth for both the insurance and banking sectors. It is hoped that bancassurance will create opportunities for growth for both the insurance and banking industry.
Uganda is gearing up towards hosting the inaugural Future Energy Uganda conference where it is expected to showcase the enormous energy investment potential. The inaugural conference in Kampala from 12-13 September 2017 is expected to attract investors and decision makers to explore areas of renewable energy like geothermal and solar that are still under exploited.
The Food and Agricultural Organisation this week confirmed outbreaks of Bird Flu in southern Africa so far reported in the Democratic Republic of Congo, Zimbabwe, and South Africa. The organisation warned that the spread of avian influenza has far-reaching animal health, food and nutritional security and socio-economic impacts in the Sub region.
The United Nations Food and Agriculture Organization FAO and the International Atomic Energy Agency IAEA announced that they are to undertake a study aimed at exploring mobile tools to combat food fraud and contamination. Food fraud and contamination is emerging as another form of counterfeiting or falsification of products posing serious public health threats and loss of billions of dollars globally.