(Ecofin Agency) - Export-Import Bank of Korea (Korea Exim Bank) and World Bank have awarded Uganda a loan worth $150 million to support a programme that aims to boost the capacities of local farmers, kfm.co.ug reported.

Extending over 5 years, the initiative will help farmers get used to modern agricultural methods thus enabling them to switch from subsistence farming to commercial farming.

Under the scheme, farmers will be trained to ICT to improve their access to the agricultural products market, according to Joseph Oryokot, agricultural expert at the World Bank.

According to statistics, 68% of farmers in Uganda practice subsistence farming.

Espoir Olodo