Stanbic Bank Uganda has teamed up with the Alliance for a Green Revolution in Africa and Kilimo Trust to create a US$25mn fund for smallholder farmers and agricultural businesses previously considered too risky for lending.tanbic Bank Uganda has teamed up with the Alliance for a Green Revolution in Africa and Kilimo Trust to create a US$25mn fund for smallholder farmers and agricultural businesses previously considered too risky for lending.
Mr Philip Odera, MD, of Stanbic Bank said, “This agreement opens a major avenue for farmers and other entrepreneurs in the agricultural sector to invest in their farms and seed prosperity.”
Pictured (left to right): Général Birame Diop, Armed Forces Minister (Defence), with Franziska Cusumano, CEO Mercedes-Benz Special Trucks at Daimler Truck and Cheikh Ibrahima Cisse, President GTS Senegal. (Image source: Daimler Truck)