The Catalyst for Change: Investment Readiness and Fundraising Program
In a strategic move to revolutionize the agricultural sector, ASIGMA launched the Investment Readiness and Fundraising Program (IRFP), a visionary initiative aimed at transforming brownfield businesses. The heart of IRFP lies in its commitment to equip businesses with tools and expertise, making them attractive to potential investors. The program’s multifaceted approach includes preparing fundraising documents, facilitating company-financier matchmaking, and providing deal structuring and negotiation support.
GADC: A Beacon of Hope in Northern Uganda
Enter GADC, an innovative agribusiness company based in the heart of Northern Uganda. Specializing in processing and exporting cotton and sesame seeds to Europe and Asia, GADC’s inception in 2009 marked a significant milestone. More than just a business, it became a symbol of stability for smallholder farmers affected by the region’s civil war. Despite facing challenges like limited market access and price volatility, GADC’s commitment remained unwavering.
GADC’s partnership with over 120,000 smallholder farmers, particularly in Gulu, Kitgum, and Arua, forms the backbone of its operations. Focused support for 50,000 of these farmers includes inputs and training in best agricultural practices, ensuring the production of top-notch cotton and sesame.
Seeking Strategic Investment
To expand its impact, GADC sought additional capital to increase its reach among Northern Uganda’s farmers. This is where ASIGMA’s IRFP played a pivotal role. After extensive investment readiness support, ASIGMA’s meticulous matchmaking efforts connected GADC with suitable financiers.
A Milestone Investment from the Common Fund for Commodities
The climax of this journey was marked by the Common Fund for Commodities (CFC), an esteemed intergovernmental financial institution within the United Nations framework, announcing a significant investment in GADC. In July 2022, CFC committed USD 1.5 million, a move set to impact over 80,000 smallholder farmers, half of whom are women.
For more detailed information on this transformative financing, click here.
