Agribusiness Development Center launches Business BAP

Kampala, Uganda – The Agribusiness Development Center powered by dfcu limited and the Rabo Foundation has today (18 Auguste2022) has launched a Business Acceleration Program (BAP) that will attract agribusiness companies emerging from the ideation phase and provide them with a business acceleration opportunity that should enable these companies to attract markets and financing for the growth and sustainability of their operations.

BAP will allow 350 agro-industries (40% led by women) to become self-sufficient and create at least 350 new jobs, Link at least 50% of these agribusinesses to finance and markets.

The program aims to connect at least 50 of these businesses to affordable services Green finance and technical assistance.

The objective of this partnership is to be able to collectively contribute directly to the five SDGs: 5- Gender equality; seven – Affordable clean energy; 8-Decent work and economic growth; and 17- Partnerships for goals

Mathias Katamba, dfcu The CEO of the Bank noted that the dfcu has worked closely with ADC to create the Business Acceleration Program whose main objectives are to support business improvements and facilitate the connections needed for growth and durability.

“Since its creation, dfcu The Bank has made ongoing commitments to support a broad base of clients which include; SMEs, women entrepreneurs, investment clubs.

Our partnership with ADC is part of a shared mission to grow, build and promote the prospect of a sustainable future.

Agribusiness is the future of Uganda, and this partnership will help us continue to fulfill our commitment to serve and grow this sector.

The program cohorts should be themed to take into account the various barriers to agribusiness growth as well as exploit opportunities for business acceleration.

The themes to be studied over two years will be; key value chains; greening agro-industries; Oil and gas opportunities for agribusinesses; Youth in agribusiness with the first cohort based on a theme of gender inclusion in agribusiness development.

“We hope to influence the inclusiveness of young people and women in the leadership of at least 50% of businesses by the end of the program.

Learners will also be exposed to networking and peer-to-peer opportunities through learning visits from experts in a variety of fields. » Joséphine Mukumbya, Executive Director, CDA.

Why “Women in Agribusiness” as the first cohort?

Women constitute up to 52% of the labor force and are an important talent in helping Uganda achieve its development goals, especially in entrepreneurship and the growth of micro, small and medium enterprises.

However, it is generally recognized that women face more difficulties than men in starting, managing and growing their businesses, as they are more likely to be hindered by the lack of necessary capacities, skills and resources. They are more disadvantaged than men due to legal and other barriers[1]

Thus, a Business Acceleration Program (BAP) intended for women-led agribusinesses build their capacity and investment readiness to access financing from investors and financial institutions.

The promotion of entrepreneurship and innovation associated with the growth of agricultural SMEs will help women develop greater economic prosperity.

With the training experience and unique position of ADC having dfcu Limited and Rabo Foundation as member partners, we believe this will open up more opportunities for women-led agribusinesses as part of the first cohort which is now open across all ADC and dfcu online channels.

About Mitchel McMillan

Check Also

Web3 technology company Reltime enters Southern African markets that could reach over $80 billion in revenue by 2025

Innovative and inclusive strategic partnership to empower people and businesses while accelerating and leading the …