Dfcu, Meta plant & equipment Uganda to accelerate agricultural mechanisation

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dfcu Bank and partners have announced a strategic partnership aimed at expanding access to vehicle and asset financing and accelerating agricultural mechanisation across Uganda.

The partnership brings together dfcu’s financing expertise and Meta’s strength as an established supplier of agricultural and construction machinery, part of the wider Meta Group with operations across East and Southern Africa.

The collaboration was officially launched at Kakira Sugar Factory in Jinja last week, one of Uganda’s most historic and strategically important agro-industrial hubs.

Through dfcu’s Vehicle and Asset Finance solution, customers can access up to 90% financing for a wide range of assets, including tractors, harvesters, irrigation systems, commercial vehicles and industrial machinery.

The solution offers flexible repayment structures aligned to seasonal and business cash flows, enabling both smallholder farmers and established enterprises to invest sustainably.

According to Annette Kiconco, Chief Retail Banking Officer at dfcu Bank, they are deliberate about building partnerships that solve real sector challenges.

“Agriculture employs over 70% of Uganda’s population and contributes about a quarter of GDP, yet mechanisation remains low. Through our partnership with Meta, we are bringing financing closer to where decisions are made, enabling farmers and agribusinesses to access the equipment they need to improve productivity, reduce losses and grow sustainably,” Kiconco noted.

With financing of up to 90%, customers are only required to contribute 10%, enabling farmers, SMEs and agribusinesses to acquire the equipment they need without straining their cash flow. This approach ensures that more customers can invest in productivity and scale their operations sustainably.

Najjemba Dorcus, Marketing and CRM, Meta Plant & Equipment Uganda Ltd, highlighted Meta’s commitment to providing high-quality, reliable equipment that meets the evolving needs of Uganda’s agriculture and construction sectors.

“Through our partnership with dfcu, customers gain access to globally recognised brands such as New Holland, Dezzi and Fieldking, supported by strong after-sales service that ensures consistent performance and long-term value.”

Uganda’s mechanisation levels remain below recommended thresholds, with tractor density estimated at fewer than 1.5 tractors per 1,000 hectares of arable land.

This has contributed to continued reliance on manual labour, limited acreage under cultivation and post-harvest losses estimated at up to 30 percent in some value chains.

By integrating financing with access to high-quality equipment and dependable after-sales support, dfcu Bank and Meta Plant & Equipment Uganda are addressing a critical productivity gap in Uganda’s agricultural sector.

The partnership is expected to unlock efficiency, improve yields and strengthen participation in both domestic and regional markets.

This collaboration also builds on dfcu’s growing ecosystem of Asset Financing partnerships, reinforcing its position as a leading partner in Agribusiness and Uganda’s broader economic transformation.