The COVID-19 Business Info Hub reached out to Pearl Capital Partners (PCP) to understand how the Yield Fund, an impact investment fund for agriculture managed by PCP on behalf of multi-donor partners, is supporting SMEs in Uganda during the pandemic. Here is what you need to know about Yield Fund and how it can help SME businesses.
About the Fund
The Yield Fund is a shs 72 billion (20 million Euro) impact investment fund by the European Union (EU) Delegation to Uganda and the International Fund for Agricultural Development (IFAD) with additional investments from Open Society Foundations (OSF), Finn Church Aid Investments (FCAI), and National Social Security Fund (NSSF). It is managed by Pearl Capital Partners (PCP) Uganda, which launched a 12 million Euro (shs 43.2 billion) fund to invest in small & growing agribusinesses (SGAs) positioned in agricultural supply chains in Uganda in January 2017. The Yield Fund is anchored by 10 million Euros of initial funding from the EU through IFAD.
Has the Yield Fund provided specific COVID-19 support to investees?
To support investees during COVID-19, the Yield Fund has provided support in developing business continuity plans and new business lines; restructured existing financing and provided follow on investment; and extended the timeline of a technical assistance facility attached to financing to enable investees to stabilize before taking on additional activities.
Is the Yield Fund taking on new applications? What are the eligibility requirements for prospective investees?
Yes, the Yield Fund is taking on new applications. Prospective investees must provide:
- A brief description of the business, including an organizational chart and CVs of key management.
- Details of products, markets and distribution channels, including profiles of key customers and supply chain.
- A business plan that clearly sets out the company’s growth/expansion plans, key assumptions, major risks and financial forecast for at least five years.
- Copies of audited financial statements for the preceding two years including a copy of the business’s most recent management accounts and a description of the current financial position.
- Details of the social impact of the business.
What are some of the Yield Fund’s current investments in Uganda?
The Yield Fund currently has seven investees, which include:
- Chemiphar – 2019. Chemiphar is an internationally accredited analytical laboratory located on the outskirts of Kampala, in Kansanga, whose core business is to provide testing and inspection services to SME businesses operating in food and beverages, agro-products, environment, pharmaceutical and cosmetics as well as agricultural seeds. Yield Fund’s partnership with aBi in this UGX 1.3Bn investment is majorly to enhance the company’s capacity to meet the growing local demand of quality and efficient laboratory testing services and also to have the ability to fulfill specific requirements of local and foreign markets, especially with the increasing growth of Uganda’s exports and standards.
- CECOFA – 2018. Central Coffee Farmers Association Ltd (CECOFA) is a primary processor of coffee. The company collects dried coffee beans (Kiboko cherries) from its network of approximately over 3,600 smallholder farmers organized through a co-operative structure. The Yield Fund’s investment of UGX 5.14 billion is aimed at increasing the company’s capacity to source and export larger volumes of Robusta coffee from smallholders as well as increase the number of certified smallholder farmers.
- SESACO Limited – 2018. Sesaco Limited is an agro-processing company, processing and manufacturing soy-based products. It started in 1978 trading at small scale household levels and is currently located at Kyengera trading centre, providing accessibility to suppliers and markets. Sesaco’s flagship products are soy cup (a decaffeinated instant beverage), soy millet flour and soy maize flour. Yield Fund’s investment of UGX 1.6 billion in Sesaco Limited is aimed at improving the company’s production facilities while stabilizing and preparing the business for a larger expansion and growth in the future.
Interested? Contact Information:
PCP Uganda, Equata Building, 2nd floor UMA Showground, Lugogo Kampala. P.O. Box 15373
Phone Contact: +256 393 264983/4 Email: info@pearlcapital.net Website www.pearlcapital.net
Engeri ensawo emanyiddwa nga Yield Fund gy’edduukiriramu SMEs mu kaseera ka ssennyiga omukambwe
Omukutu gwa Covid-19 Business Info Hub gwatuukirira ekitongole kya Pearl Capital Partners (PCP) okusobola okutegeera engeri Yield Fund, ng’eno nsawo eyateekebwawo okuyamba mu kusiga ensimbi mu by’obulimi era nga eddukanyizibwa PCP ku lw’abagabirizi b’obuyambi abalala; gy’edduukiriramu SMEs mu Uganda mu kaseera ka nnawookeera wa covid. Bino bye weetaaga okumanya ku nsawo eno n’engeri gy’eyinza okuyambamu SMEs.
Ebikwata ku nsawo eno
Yield Fund ebalirilwamu obuwumbi 72 UGX (obukadde 20 obwa Euro) era nga zaaweebwayo ab’omukago gwa Bulaaya (European Union) wamu n’ekitongole ekivunaanyizibwa ku kukulaakulanya eby’obulimi mu nsi yonna ekya International Fund for Agricultural Development (IFAD). Kuno kwegattibwako ebitongole ebirala ebigabirizi by’obuyambi nga Open Society Foundations (OSF), Finn Church Aid Investments (FCAI) wamu n’ekittavvu ky’abakozi mu Uganda ki National Social Security Fund (NSSF)
Ensimbi zino ziddukanyizibwa aba Pearl Capital Partners (PCP) Uganda, era nga baatongoza obukadde bwa Euro 12 (mu za Uganda bwe buwumbi 43.2) okuyambako ku bu bizinesi bw’eby’obulimi obutono wamu n’ezo ezitandise okukulaakulana – Small and growing agribusinesses (SGAs) mu Uganda mu mwezi gwa Gatonnya (January) mu 2017. Ensawo eno yatandika n’obukadde 10 obwa Euro nga bwaweebwayo ab’omukago gwa Bulaaya(European Union) nga bayita mu IFAD.
Yield Fund eno erina engeri ey’enjawulo gy’edduukiriddemu b’eteekamu ssente mu kaseera ka COVID-19?
Mu mbeera y’okudduukirira abateekwamu ssente mu kaseera ka ssennyiga omukambe, Yield Fund ebayambye mu kutondawo enteekateeka ezisobozesezza emirimu gyabwe okusigala nga gikyatambula wamu n’okuyiiya ebikolebwa ebipya; okukyusa ku ngeri eby’ensimbi gye bibadde biddukanyizibwamu wamu n’okwongeramu ssente bwe kiba kyetaagisizza nga kw’otadde n’okwongera ku budde bwe bamala nga bakyakuwa amagezi ag’ekikugu mu by’ensimbi ne bamala okukakasa nti gwe bataddemu ssente asobola okwetengerera nga tebanneeyongerayo ku mirimu mirala.
Yield Fund ekkiriza okusaba kw’abaagala okugyegattako abaggya? Omuntu eyandyetaaze okuba ng’ateekebwamu ssente alina kutuukiriza bisaanyizo ki?
Kituufu, Yield Fund ekkiriza abasaba okugyegattako abapya era bino bye balina okuwaayo;
- Mu bimpimpi nnyonnyola ebikwata ku bizinesi yo, engeri gy’egenda okuddukanyizibwamu ng’ogasseko n’empapula eziraga obuyigirize bw’abo abagenda okugiddukanya.
- Okunnyonnyola obulungi ebintu by’ogenda okufulumya, obutale gy’ogenda okubitunda, amakubo mw’onoyita okubibunyisa, ebikwata ku ba kasitoma bo ab’enkizo n’engeri ebintu gye binaabatuukangako.
- Enteekateeka ya bizinesi yo ng’ennyonnyola bulungi engeri gy’ogisuubira okukulaakulanamu wamu n’okugaziwa, biki eby’amaanyi by’osuubira, obuzibu bw’eyinza okusanga wamu n’engeri gy’osuubira eby’enfuna byayo okufaanana okumala waakiri emyaka etaano.
- Kkopi z’ebiwandiiko ebimaze okukakasibwa ebiraga eby’enfuna nga bwe bibadde bitambula okumala emyaka ebiri egiyise nga muno ozingiramu eby’ensimbi engeri gye biddukanyizibwa mu kiseera ekyo nga kw’otadde n’embeera y’eby’enfuna nga bw’eyimiridde mu budde obwo okutwalira awamu.
- Onnyonnyola bizinesi yo engeri gy’eyambamu oba gy’ekosamu abantu n’ebintu ebagiriraanye.
Yield Fund eno bizinesi z’eteekamu ssente mu Uganda ensangi zino ze ziriwa?
Ensawo eno mu kiseera kino erina ebitongole musanvu bye y’akasigamu ensimbi era nga ebimu ku byo bye bino;
- Chemiphar – 2019. Lino lyekebeggyezo (laboratory) era nga yakakasibwa mu nsi yonna ng’esangibwa Kansanga ku njegoyego z’ekibuga Kampala. Omulimu gwa Chemiphar omukulu kwe kuyamba SMEs naddala eziddukanya emirimu gy’okukola emmere n’eby’okunywa, ebirime, eby’obutonde, amadagala n’eby’okwewunda wamu n’abakola ensigo okubeera nga bagezesezaayo wamu n’okwekebejja ebintu byabwe. Chemiphar era eyamba okulambula ebintu ebikolebwa okukakasa nti bitambula bulungi.
Yield Fund wano yakwatagana ne ABI mu kusiga akawumbi 1.3 UGX era ng’ekigendererwa kwe kusobozesa ekitongole kino okutuukiriza obulungi obwetaavu bw’okugezesa n’okwekebejja ebintu obweyongera buli lukedde. Ekirala kwe kuba nga balina obusobozi bw’okukola buli muntu ky’aba yeetaaze ku katale aka wano wamu n’ebweru w’eggwanga naddala mu kiseera kino ng’omutindo wamu n’obungi bw’ebintu Uganda by’etunda ebweru w’eggwanga byeyongera buli lukya.
- CECOFA – 2018. Central Coffee Farmers Association Ltd (CECOFA) kino kitongole ekikola ku Ekitongole kino kikunganya emmwanyi enkalu (Kiboko cherries) okuva mu balimi abalima ebitonotono be kikolagana nabo abakunukkiriza mu 3,600 mu ngeri ey’obwegassi.
Wano yield fund yateekamu obuwumbi 5.14 UGX n’ekigendererwa eky’okusobozesa ekitongole kino okwongera ku bungi bw’emmwanyi z’ekika kya Robusta ze kikunganya wamu n’okutunda ebweru w’eggwanga kuno kw’ogatta n’okwongera ku muwendo gw’abalimi be kikolagana nabo.
- SESACO Limited – 2018. Sesaco Limited kkolera erikola ebintu okuva mu birime era nga bano bye bakola biva mu soya. Lino lyatandika mu 1978 nga likola ebintu ebitonotono era nga kaakano lisangibwa mu kabuga k’e Kyengera nga wano wangu wa kutuuka ku baleeta ebintu wamu n’abaguzi.
Sesaco ebintu ebikulu by’ekola ye soya cup (ono anywebwa ku caayi) obuwunga bwa soya millet wamu n’obwa soya maize. Yield Fund muno yateekamu akawumbi 1.6 UGX n’ekigendererwa ky’okulongoosa ebintu ekkolero lino bye likozesa nga baliteekerateekera okugaziwa wamu n’okukulaakulana mu biseera eby’omumaaso.
Okyagadde? Osobola okubatuukirira ku:
PCP Uganda, Equata Building, 2nd floor UMA Showground, Lugogo Kampala. P.O. Box 15373
Essimu: +256 393 264983/4 Email: info@pearlcapital.net Website www.pearlcapital.net
eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn eng_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn lug_Latn eng_Latn zho_Hant