Stanbic Bank lures farmers
STANBIC Bank has started partnerships with farmer groups to promote the $25m agricultural financing fund.
By David Ssempijja
STANBIC Bank has started partnerships with farmer groups to promote the $25m agricultural financing fund.
Phillip Odera, the bank’s managing director, announced a sponsorship package for the annual Uganda Coffee Trade Federation’s breakfast fellowship at it’s 4th meeting at the Kampala Serena Hotel, last week.
“We recognise agriculture as an important sub-sector in Uganda’s economy, that’s why we are providing finance across the agricultural value chain,†Odera said.
The financing will cover production, handling, transportation, agro-processing, storage and marketing.
Gerald Ssendawula, the chairman of the National Union of Coffee Agribusiness and Farm Enterprises, said agricultural financing would be weightier if it targeted production at farm level.
Participants noted that issues on finance were a hindering greater cash crop production.
STANBIC Bank has started partnerships with farmer groups to promote the $25m agricultural financing fund.
Phillip Odera, the bank’s managing director, announced a sponsorship package for the annual Uganda Coffee Trade Federation’s breakfast fellowship at it’s 4th meeting at the Kampala Serena Hotel, last week.
“We recognise agriculture as an important sub-sector in Uganda’s economy, that’s why we are providing finance across the agricultural value chain,†Odera said.
The financing will cover production, handling, transportation, agro-processing, storage and marketing.
Gerald Ssendawula, the chairman of the National Union of Coffee Agribusiness and Farm Enterprises, said agricultural financing would be weightier if it targeted production at farm level.
Participants noted that issues on finance were a hindering greater cash crop production.