UGANDA
The Yield Uganda Investment Fund recently put its money behind coffee.
The fund invested about $1.3 million with the Central Coffee Farmers Association (CECOFA), a farmer-owned coffee processor, according to an October report by PML Daily. The money is intended to help CECOFA increase its trading volumes, make operations more efficient and expand its efforts. The investment also will help smallholder farmers who rely on the processing facility, a primary processor of coffee from a network of more than 3,600 small farmers.
CECOFA also will receive business development support, an official said.
The Yield Uganda Investment Fund was created using money from the European Union through the International Fund for Agricultural Development and the National Social Security Fund Uganda. It is managed by Pearl Capital Partners.