Show abstract

JANNYZ SEED OIL COMPANY LTD PROJECT PROPOSAL

Edible oil is an essential element for day to day consumption in almost all forms of daily meal both in the rural and urban areas used for various roles such as cooking and medicinal purposes. Currently the majority of refined edible oil products are imported while a few proportion are being supplied by local producers, yet the demand has not yet been fully satisfied. Uganda has a huge potential for scaling up its production of edible oil because of its favourable agro-climatic condition for increased oilseed cultivation, the labor-incentive nature of the sub-sector, a conductive business environment and the huge local demand. In response to this, Jannyz Seed Oil Company Ltd is proposed to be a versatile farm that will deal in growing sun flowers, harvesting and processing them and buying the out growers. It will be founded and managed by Miss Nanyombi Janat Zziwa. The farm will have a vision to be a globally impacting oil processing company enriching lives with innovation, integrity and superiority. The mission of Jannyz Seed Oil Company Ltd will be to exceed customer expectations in the processing, distribution and marketing of safe, tasty and high-quality seed oil in Uganda other neighbouring countries. The business will be located in Gulu district in Northern region of Uganda. The location was chosen because of the favourable agro-climatic conditions and well drained soils for increased seed oil cultivation. The target market of the business will be the exporters, hotels and restaurants, wholesale traders and grocery stores in urban areas of Kampala, Jinja and Mbarara. Jannyz Seed Oil Company Ltd will put the right structures in place that will support the kind of growth that the founder has in mind while setting up the project. The farm will make sure that it only employs people that are qualified, honest, hardworking, customer centric and are ready to work to help build a prosperous business that will benefit all the stake holders. Jannyz Seed Oil Company Ltd will directly employ 14 people in its initial years of operation however this number is expected to increase with the increase in the production capacity and capital. The start-up capital requirement for Jannyz Seed Oil Company Ltd is estimated to be UGX 56,180,000 million. This capital will be derived from three sources namely personal capital, family and friends together with a bank loan. The farm will positively contribute the economic wide consideration through employment generation directly and indirectly, value addition, women empowerment and economic transformation by reducing on the level of subsistence since the business will be commercialised and with time it will run on a large scale.

more details

Author: nanyombi janat zziwa
Contributed by: asbat digital library
Institution: makerere university
Level: university
Sublevel: under-graduate
Type: dissertations