EU supports farmers in Uganda with Yield Uganda Investment Fund
Summary
Dr Edward Isingoma Matsiko, PCP Managing Partner said with this investment from Yield Fund, they believe CECOFA will be able to increase its trading volumes and efficiency levels in its operations and expansion plans. The business has enormous growth potential with increased purchases from smallholder farmers who will benefit economically from both certified and standard coffee He revealed that the investment aims at increasing the companys capacity to source and export larger volumes of Robusta coffee from smallholders as well as increase the number of certified smallholder farmers. And alongside Yield Funds investment, CECOFA will receive Business Development Support aimed at enhancing the technical and governance facets of the business, with the aim of enabling growth and self-sustenance in the future., said Dr Isingoma October 15. The beans are then cleaned, de-husked and graded into Fair to Average Quality coffee by CECOFA. Mr Ronald Buule, CECOFA Executive Director said they are expected to increase their impact on smallholder farmers particularly, women and youth by supporting them to attain Fairtrade and 4C certifications which will in turn, give them better price outcomes and economic empowerment.