Ugandan coffee trading company JKCC General Supplies has secured an investment of approximately 3.2 billion Ugandan shillings ($853,148) from the Agri-Business Capital (ABC) Fund, a blended finance impact fund managed by Bamboo Capital Partners, a Luxembourg-based private equity firm. The ABC Fund committed a total of 858,920 to support JKCC's operations, which aim to empower rural farmers by ensuring fair prices and timely payments for their coffee produce. JKCC, founded in 2017, collaborates with over four thousand six hundred farmers across sixteen districts, buying their coffee and processing it for both local and international markets. The company's growth trajectory, driven by increased international demand, is expected to continue in the short-to-medium term.
In the realm of blended finance, where both commercial and public capital are leveraged for social and environmental impact, the ABC Fund plays a pivotal role. It offers loans and equity investments to underserved sectors within agribusiness value chains in developing nations, prioritizing farmer organizations, small to medium rural enterprises, and financial institutions. These investments contribute to economic growth, job creation, and opportunities for young people and women in these regions. The ABC Fund, founded in 2019 with support from various institutions, including the International Fund for Agricultural Development and the European Commission, continues to make substantial investments in companies like JKCC, fostering positive change within the agribusiness sector.