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.”
African Development Bank backs €26.5m (appox. US$29mn) Sokodé solar plant to boost Togo’s renewable energy capacity. (Image source: African Development Bank)
Minister Mohamed Ould Khaled announces shift to privatised power generation model at Invest in African Energy Forum. (Image source: Energy Capital & Power)