AGRINVEST: Financial technology solutions for smallholder farmers in Uganda
16/02/2022 ,
Since 2020, the EUR 2.2 million AgrInvest project, financed by the European Union and FAO, has been helping the Uganda Development Bank (UDB) increase its agrifood lending portfolio. Notable achievements in 2022 include exploring the potential for a new Climate Finance Facility that would mobilize green finance for low-carbon and climate-resilient projects. AgrInvest helped UDB, which is interested in adopting a “green bank model”, prepare a feasibility study of the Facility, including an investment strategy, market focus and expected impacts. The project continued strengthening UDB’s capacity to appraise and manage the risk of agricultural loan applications – including climate risks – and assess their carbon footprint using the EX-ACT and Global Livestock Environmental Assessment Model-interactive (GLEAM-i) tools. Digital finance (in partnership with UNCDF) and big data analytics (with Dalberg Data Insights), the two main digital pilot initiatives, have also made progress. The AgrInvest team has been helping UDB adopt and implement digital interventions, enabling them to operate in the digital finance and big data analytics space. In parallel to the UDB support, together with MAFAP, efforts to improve the country’s dairy and beef sector continued in 2022 thanks to regional and national policy dialogues with Uganda’s Dairy Development Authority and the National Beef Platform.
AgrInvest brochure - Responsible investment for a better future
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