Kampala — UGIRAN, a local firm, plans to import up to 500 agro-tractors by the close of the year.
Charles Olaka, the project coordinator, said the move is to revitalise mechanised agriculture.
"We are not only eyeing business, but joining the Government in transforming agriculture through its many anti-poverty schemes," he said.
UGIRAN is a joint venture between the National Enterprise Corporation, the body that transacts business on behalf of the army, and Iran Tractor Manufacturing Company.
It is the only firm involved in importing, assembling, servicing, selling and after-sale services of agro-tractors, implements and machinery in East Africa. The firm deals in Massey Ferguson tractors ranging between sh58.5m and sh115m.
Olaka said UGIRAN is partnering with financial institutions to enable farmers, who cannot buy tractors in lumpsums, to buy them through instalments.
"We have an agreement with Centenary and Stanbic banks. We believe this will enable many farmers acquire tractors," the project coordinator said.