21 August 2017.
AgDevCo, a social impact agribusiness investor, announces
a $450,000 debt investment into a Ugandan milling business, Talian Company Limited. Talian Company is a family-run milling business producing quality maize and cassava flour for regional food exports and for industrial use. The investment enables Talian to scale up its operations and tap into the growing regional food markets and the premium industrial starch flour supply markets in East Africa.
This investment will strengthen the commercial cassava value-chain in Uganda where over 40% of production is now marketed commercially, following a revival in cassava production amongst small scale farmers in the country after years of neglect and disease challenges. Talian intends to grow into a significant player in the maize and cassava flour supply markets in East and Central Africa, in turn providing a market for grain and cassava farmers in Northern Uganda.
"For three years now, we have struggled to access sufficient working capital from the traditional financing system. The funding from AgDevCo opens the door for Talian to start fulfilling its potential to be a strong player in the local and regional industrial and food markets. We are delighted to work with an investor who understands the needs of SME businesses in Uganda."
No comments:
Post a Comment