Nigeria-based fund manager Sahel Capital has increased its financing to Ugandan coffee exporter Sukuma Commodities, raising its loan facility to $1.8 million from the $1 million initially committed in 2024.
The transaction was executed through the Social Enterprise Fund for Agriculture in Africa (SEFAA), Sahel’s agriculture-focused investment vehicle in sub-Saharan Africa. The expanded facility will fund working capital and support growth in export volumes.
Since Sahel Capital’s initial investment, Sukuma has grown exports by more than 60%, the investor said. The loan will also strengthen sourcing and processing and expand market access for partner farmers.
Sukuma sources robusta and arabica coffee from more than 2,300 smallholder farmers. It provides input financing and training in good agricultural practices before exporting to European traders and roasters, mainly in Italy, the Netherlands and Germany.
The partnership includes technical assistance. Sukuma must improve traceability and farmer registration to comply with European deforestation regulations, a key condition for maintaining access to EU markets.
The announcement comes as Uganda’s coffee sector gathers pace. The country exports about 95% of its production. In the first 10 months of 2025, Uganda exported 8.4 million 60-kg bags worth $2.4 billion, according to the Ministry of Agriculture.
Coffee accounts for more than 12% of Uganda’s total export earnings.
SG
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Benin has approved a national food and nutrition strategy covering 2026–2030. The plan aims to turn national nutrition policy into concrete, funded...
Indonesia is reconsidering a plan to raise its biodiesel blend to B50 as oil prices approach $100 a barrel. The move could cut fuel imports but...
World Bank announces $137 million to boost West Africa digital economy Program expands broadband, aiming connect 5.2 million people Initiative...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online. The plan also includes faster compensation...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...