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.”
Since inception, AIIM has raised more than US$4bn over eight funds and executed more than 70 transactions in target pan-African markets. (Image source: Adobe Stock)
The groundbreaking ceremony was attended by key representatives from the Ugandan Government, local communities and the companies involved in the project’s delivery. (Image source: AMEA Power)
MIGA and ISA launch the MIGA-ISA Solar facility to enhance solar energy access with concessional financing, focusing on Sub-Saharan Africa. (Image source: Adobe Stock)
The investment is expected to enhance our operational capabilities and contribution to the growth and competitiveness of the economy. (Image source: NDB)
Left to right: Takuya Yamamoto, head of construction & mining equipment business unit No.2 Sumitomo Corporation; Romain Bia, deputy CEO BIA Group; Kenichi Hyuga, general manager, construction & mining system SBU Sumitomo Corporation; Vincent Bia, CEO BIA Group; and Damien De Prijck, CFO BIA Group. (Image source: BIA Group)
EGA offers solutions tailored for both local and export markets including in countries such as Malawi, Mozambique, Angola, Ghana, Zimbabwe, Zambia, Kenya, Tanzania, Uganda, Rwanda, Namibia, and Botswana. (Image source: EGA)
Capital raised from the Series A round has been used to ramp up electric motorcycle and battery production, expand the company’s swap station network, and continue R&D on battery technology and software. (Image source: Ampersand)