Soroti Fruit Factory opens at Soroti Industrial and Business Park
On Saturday ‘all roads’ led to Uganda Investment Authority’s Soroti Industrial and Business Park where the grand opening of the long-awaited Soroti Fruit Factory took place.
The factory, the first to sit on the expansive Soroti Industrial and Business Park operated by Uganda Investment Authority, is owned by Uganda Development Corporation (UDC), with 80 percent shareholding, and Teso Tropical Cooperative Union, holding 20 percent.
The Korea International Development Agency (KOICA) offered 7.8 million dollars to setup the factory, with the Government of Uganda, through (UDC), providing the remaining two million dollars. UIA provided the land.
The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde, said the factory has the potential of improving incomes and livelihood of the people of Teso, who collectively have 8.2 million citrus trees.
President Museveni said fruit farming is “the medicine for poverty in Teso”. The president also recommended poultry rearing, dairy farming and fish farming as other anti-poverty medicines for the region. Read More