Yield Uganda Investment Fund

The agribusiness impact fund, set up in January 2017 by the European Union (EU), through the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF), with an initial €12 million investment, has now hit the €20 million (UGX 85 billion, 4250 UGX per EUR) mark in total commitments, following an €8million (4250 UGX per EUR) investment from the Open Society Foundation and FCA Investments.

The Yield Uganda Investment Fund is a partnership between public and private investors that offers innovative and tailored financial solutions, using equity, semi-equity and debt, to small and Mediumsized Enterprises (SMEs) having the potential to generate both strong financial returns and significant social impact. Deloitte Uganda and Pearl Capital Partners Uganda (PCP) established the Fund, currently managed by PCP Uganda, with the mandate to make investments in the range of €250,000 to €2 million (approx. UGX 1 billion to UGX 8.5 billion).

To date, the Yield Fund, has made seven investments in Uganda worth over EURO 5.8m. These include: Sesaco – an agro-processing company, processing and manufacturing soy based products; CECOFA – a primary processor and exporter of coffee organized through a smallholder farmers’ co-operative structure, Chemiphar – an internationally accredited analytical lab, Raintree Farms – a value-added processor of moringa, Pristine Foods – a pasteurized liquid egg processing company, Clarke Farm Ltd – a company specializing in the production and processing of fine specialty washed Robusta coffee for the premium export market and Naseco (1996) Ltd- a company that produces, processes and distributes certified seeds in Uganda and is growing exports across the regional East African community.