
30/10/2024
😳
BOOSTING UGANDA'S ECONOMY WITH COFFEE USING UGANDANS IN THE DIASPORA
Uganda is 7th on the list of top global coffee exporters with only 6m bags (60kgs) annually and revenue of $1.1B.
The biggest global producers or exporters are Brazil with over 44m bags (60kg's) annually and net revenue of $26B .
With a global coffee Market value of $102.2B , this means Uganda gets only 1.07% of the global market.
This article is for all Ugandans in the Diaspora ( Europe ,North America and any Ugandan who can earn over $30,000 per Year).
Lets see Uganda as a business or a company.
We can only be able to grow if Uganda(company) makes money (sales) in dollars.
One of our best product on the global market is coffee and if we use 80/20 rule, we focus on 20% of what gives us 80% of business, we shall realise we need to put our major focus on coffee and atleast tripple our coffee sales and make an approximate $4B or over 20m bags (60kgs ) per year.
This is only possible if we engage all Ugandans with slightly good earnings in the diaspora to Invest and also market our coffee abroad.
We shall talk about how to diasporians can help out on getting market for our coffee and lets stick to investment for now as the main objective is how we can concentrate on trippling our coffee production or out put.
We currently produce 6m bags of 60kgs and we only need 17,000 Ugandans or group of Ugandans with a capacity to set up a 50 acre coffee farm
Its practically possible as statistics show there over a one million Ugandans in the diaspora and only in the North America there are over 150, 000 Ugandans and over 70,000 ugandans in UK not mentioning Europe ,Asia and Africa.
on investment
Lets say a 50acre farm cost you 150m to purchase . cultivations cost and maintenance cost of 50m and total investment of ugshs 200m.
In a period of 3yrs your farm will be ready for harvest .
An acre of coffee using a traditional way of planting i.e 3m*3m and intercropping with banana plants , gives 21 bags of coffee hence 5m and for 50 acres , 250m . The banana output revenue can be used to cut on maintenance costs.
There is a proposed way of maximizing your coffee harvests and mostly used by Brazilian where instead of 3m*3m , they use 3m*1m hence doubling yields (not tested yet)
The return on investment is 3yrs and continuous revenue for 15yrs .
opportunities.
When we look at employment , every farm can employ 20 people hence creating over 350000 jobs .
With such initiatives in Uganda, the tourism industry will also be boosted due to coffee tourism
Did you know majority of coffee consumers in the western world have never seen a coffee plant and this has led to tremendous growth in both Brazil and Vietnam tourism industry.
Think about it🤔!