Matooke Republic
Saturday, July 19, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Over 100 Agribusiness Enterprises to benefit from ADC’s Business Accelerator Program

Matooke Republic by Matooke Republic
February 16, 2023
in Business
Reading Time: 4 mins read
Share on FacebookShare on Twitter

Agriculture is one of the core sectors that Dfcu has committed to supporting and has put initiatives in place to de-risk agriculture. The bank has purposefully developed various Agri products, such as Agri-Asset Financing, loans for agricultural production, farmer group accounts, business loans, loan savings accounts, enterprise accounts and made them attractive and more affordable to small and medium enterprises, women entrepreneurs and investment clubs.

ADC, powered by DFCU Limited and the Rabo Foundation, has collaborated with GOPA Worldwide Consultants to implement Cohorts 2 and 3 of the Business Accelerator Programme (BAP) in accordance with the Enhancing the Competitiveness of Small and Medium Enterprises (ECOS) project, which is funded by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

Josephine Mukumbya, ED of Agribusiness Development center.

Josephine Mukumbya, the Executive director of Agribusiness Development Center says  “This is the second cohort to be selected for this acceleration programme. The business should have existed and have a product or service running. What we do is to enable them govern their enterprises  better though financial management, getting reliable market information, exposure to compliance and quality systems that challenge most growing businesses.”

RELATED POSTS

Kabira Country Club Wins 2025 Tripadvisor Travellers’ Choice Award

The Vista Naguru apartments officially launched to offer luxury housing

“We shall integrate key themes of gender and green growth for sustainability within the training modules, the outcome of which being enterprises developing strategies on the same as well as establishing key indicators to track women participation in SMEs leadership,” she adds.

The mandate of ADC to build capacity of agribusinesses to bankability and self-sufficiency for increased incomes and job creation is well aligned with the goal of the ECOS project, and the dfcu vision to transform lives and businesses through innovative solutions and empowering people, which contribute to the four key pillars and objectives of the National Financial Inclusion Strategy (NFIS), one of which is ‘Reduce Financial Exclusion and Access Barriers to Finance.’

“We have partnered with UNBS, Uganda Export Promotion Board and the goal of this partnership is to ensure we create more jobs and better working conditions through export promotion. The success of any training is implementation, if you learn and don’t implement, you’re not any different from people that aren’t here” says Jimmy Byaruhanga from the ECOS project, an implementing partner.

Dfcu bank has proved to be one of the biggest off-takers of the agriculture credit facility which is a partnership between the bank and government to provide financing to farmers at a subsidized price where 15% of the bank’s lending book is within the agricultural value chain”

William Sekabembe, MD DFCU.

“We are working with partners who provide guarantees, who help support and train farmers within the agriculture eco system to improve their capabilities to access funds and utilize their funds effectively. We are also aware of the challenges that come with financing the agricultural sector like unfavorable weather that results to low yield so we have extended our partnership to work with insurance providers to ensure the challenges faced in the agricultural sector,” says William Sekabembe Managing Director of DFCU.

ADC will address cohorts two and three with a multifaceted approach that includes training, mentorship, coaching, and technical assistance, with refined approaches based on assessments of the first cohort that was trained last year. The strategies will be used together to address the major barriers to accessing and using financial services for improved business operations, investment preparedness, and connections to capital for development and jobs.

The rate of population expansion continually outpaces the rate of job creation in Uganda today. Many youths especially young women, are forced to work in low-wage jobs with only a few managing to get high-wage jobs in agriculture.

The preceding makes a case for continued capacity development of enterprises, particularly agricultural enterprises, for bankability, growth, and thus job creation, which is precisely what the Agribusiness Development Centre (ADC) and its partners are doing by focusing on small and medium agribusinesses, 40% of which are led by women.

Related

Tags: Agribusiness Development CentreDFCU Bank
Share2Tweet2Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

dfcu Bank partners with Makerere University to advance research, innovation, and student support

by Matooke Republic
2 weeks ago

...

INTERVIEW: How Dr. Emma Naluyima is transforming piggery farming through innovation, education and dfcu Bank support

by Matooke Republic
1 month ago

...

dfcu Foundation to drive inclusive economic empowerment across Uganda

by Matooke Republic
2 months ago

...

How dfcu Bank and Japan’s World Navi are making vehicle ownership more affordable for Ugandans

by Matooke Republic
2 months ago

...

dfcu Rising Woman Returns for Season 7 with renewed focus on business growth and leadership

by Matooke Republic
3 months ago

...

Next Post

KANUNGU: Woman challenges court order requiring her to refund Sh10 million for refusing to marry man who paid her school fees

"They want to turn abnormal to normal," Museveni lashes out at the west over homosexuality

RECOMMENDED

Denim Cartel and Guinness Smooth are throwing a cultural moment this Sunday

July 18, 2025

Kabira Country Club Wins 2025 Tripadvisor Travellers’ Choice Award

July 18, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    4005 shares
    Share 1602 Tweet 1001
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    103 shares
    Share 41 Tweet 26
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    80 shares
    Share 32 Tweet 20
  • Socialite Don Chris says no one can arrest him after allegedly defrauding Ugandans of over Shs500 million with fake promises of high-paying jobs in UK and Canada

    48 shares
    Share 19 Tweet 12
  • Muhoozi announces meeting with all First Sons of Uganda’s former Presidents; but who are they and what are they currently doing?

    43 shares
    Share 17 Tweet 11
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.