In summary:
- DOB Equity is pleased to announce it has completed an investment in Joseph Initiative Ltd. an agricultural trading company that aims to improve efficiencies in the maize supply chain benefiting thousands of Ugandan farmers.
DOB Equity, a Dutch investor, has completed an equity investment in Joseph Initiative Ltd. a Ugandan agricultural trading company. The funding will be used to expand Joseph Initiative’s processing and storage facilities in Western Uganda.
Joseph Initiative focuses on delivering bulk high quality agricultural produce to East African markets. It has developed and deployed an integrated supply chain for maize that stretches from village-level farm-gates across Western Uganda to high-value regional markets. The business has substantially chopped the immense post-harvest loss that currently plagues Uganda while competitively feeding the region.
As a result of Joseph Initiative’s operations, the company has established a formal, transparent and cash-on-delivery market in villages across Western Uganda. This new, reliable, rural demand enables Joseph Initiative’s facilitation of financial and agricultural services for farmers. Access to these services catalyzes yields and improves quality of Ugandan smallholders’ produce. The company is run by a dynamic and professional team with strong execution abilities and local embedding.
DOB Equity currently has a portfolio of 8 investments in East Africa. The investor is well capitalized and will continue to target East African companies looking for growth capital and contributing to a more social and sustainable society.
For more, see here.
