EU and UNCDF UGX 50BN in Uganda’s Agribusiness Sector

The European Union Delegation in Uganda, in partnership with the United Nations Capital Development Fund (UNCDF), has announced a significant investment of EUR 11.5 million in Uganda’s agribusiness sector. 

This investment, part of the Support to Agricultural Revitalization and Transformation (START) Phase II initiative, aims to stimulate economic development, foster job creation, and promote sustainable growth across the country. 

Through concessional loans, grants, and technical assistance, START Phase II seeks to empower agribusiness SMEs to expand their operations, adopt sustainable practices, and contribute to inclusive economic growth. With a focus on value addition and agro-processing, the initiative aims to create market opportunities for farmers while promoting gender equality and environmental sustainability. 

European Union Ambassador to Uganda Jan Sadek emphasizes the importance of the initiative, stating, “The launch of START Phase II underscores our commitment to supporting inclusive and green economic transformation in Uganda.” 

By collaborating with stakeholders and leveraging financial resources, the European Union and UNCDF are driving positive change in Uganda’s agribusiness sector, laying the foundation for long-term prosperity and sustainability.