Cabinet has approved the Presidential Initiative to promote Agro-Industrialization for Local Economic Development (LED) in Rwenzori Region peddled at improving household incomes for poverty eradication and wealth creation.
The initiative is anchored in the National Vision 2040 and the National Development Plan II (2015-2020) aimed enhancing Private Sector growth and development through enterprise development and attracting foreign and local investors to participate in LED Initiatives.
According government spokesperson, Ofwono Opondo, the Initiative will play a critical role in promoting Cross-border trade through the construction of a bridge at Budiiba on River Semliki to link Ntoroko and the entire region to Ituri in the Democratic Republic of Congo (DRC).
“It will boost production and productivity of the Private Sector Industrialization through sustainable, readily available agro-raw material, strengthening capabilities in terms of infrastructure and human Capital by investing in the existing National training institutions,” He said.
He said the initiative will also improve market access for agro Industrial products, leverage the existing expertise and technology to develop the agro-industries and industrial parks, “Supporting and promoting the Tourism Sector by putting in place the requisite infrastructure, widening revenue base for Local Government,” he added.
Mr Opondo said, President’s intervention will provide effective coordination of all actors in the Agro-LED Programs across relevant ministries, departments and non-state actors.