NEWS- President Yoweri Kaguta Museveni has on Thursday 22nd October 2020 presided over the commissioning of Atiak Sugar Factory located in Atiak subcounty in, Amuru District.
The Atiak Sugar Factory is a joint venture between Uganda Government through Uganda Development Corporation (UDC) in partnership with the Private sector (Horyal Investment Holding Company Ltd (HIHC).
The two entities invested in setting up 1,650 tons of cane crushed per day (TCD) sugar processing plant in Atiak, Amuru District known as the Atiak Sugar Factory.
Its reported that the factory production capacity will be scaled up to 3,500 (TCD) in phases 2 and 5,000 (TCD) in phase 3 and the proposed plant will also produce other byproducts such as molasses and bagasse to produce ethanol and up to 6MW of electricity in phase One.
Uganda Development Corporation holds 40% shares and this is the first large investment by Government in Northern Uganda post-conflict.
Presently approximately 15,000 out growers are integrated into the investment and are expected to supply raw sugarcane to the factory and the proceeds from the supply of cane can be reinvested into cane growing and other commercial activities within the region.
Speaking at the launch of the factory, President Museveni emphasized that knowledge and entrepreneurship are major factors of production that Ugandans should concentrate on.
“The land is there, minerals are there, the forests, rivers, all those in economics are grouped under land, but we lack capital, we lack entrepreneurship, we don’t have enough of it, but it is there a little bit,” He said.
He commended Ms Amina Hersi Morhe for her entrepreneurship abilities and great contribution to the development of Uganda.
The Northern Region of Uganda was ravaged by war perpetrated by the Lord Resistance Army rebels for many years which made the region lag behind in terms of development and after pushing the rebels out of the region and stabilizing it, the government embarked on several projects to boost development in the region and the Atiak Sugar Factory is one of them.
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