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Government Embarks On Journey To Revive Cooperatives

Government Embarks On Journey To Revive Cooperatives

Uganda after independence saw the rise of cooperatives which would later become a household name among farmers.

With them, farmers did not have to worry about the prices of their farm products. Almost every region had a cooperative society to which a farmer belonged.

Then came Uganda’s post-independence crisis of the 70s and 80s which saw the economy crash. This did not spare any cooperatives and a few struggled to stay afloat. Many of these still exist, but only by their names.

Due to their contribution to the sector, the government is now moving to revive them, beginning with those that existed before the war.

The minister of state for Cooperatives Fredrick Gume said so far they have allocated Shs 88 billion to kickstart the process.

They will use the same funds to compensate some that lost assets during the 1981-1986 war.

He said the number of registered cooperatives in Uganda stands at slightly above 30000 but active ones only share 26.

‘’There is a committee which is comprised of relevant ministries like the ministries of Agriculture, Trade, Justice, Defense that is going to visit different cooperatives and receive the claims. The committee will then move to verify the claims after which compensation for the war losses will be done,’’ Gume said

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