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Asigma Capital Advisory Held A Matchmaking Event On July 6 To Strengthen Inter-firm Relationships

Asigma Capital Advisory Held a Matchmaking event on July 6 to Strengthen Inter-firm Relationships

FtF IAM partner, Asigma Capital Advisory held a matchmaking event on July 6, for member-based organizations (MBOs), aggregators, commodity buyers, and financial institutions like Equity Bank to meet and strengthen inter-firm relationships, close business deals, and discuss ways to scale quality food trade and value chain financing for MBO member farmers and aggregators. Over 70 guests, including 23 MBOs and the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) attended. In Uganda, access to finance and quality markets is a major constraint to the growth of MBOs and agri-businesses. Firms like Asigma play a critical role in addressing this constraint by preparing and supporting them to raise capital and sell farmers’ produce in higher-value markets. Aggregators and service providers showcased their products and services, and the MAAIF representative gave an update on how the ministry has recently committed that producer groups must adhere to the East African Grain Standard and its minimum residue levels (MRL). Aggregators and buyers signed fourteen (14) expressions of intent letters for trade and support services at the event. These relationships will incentivize better business practices amongst MBOS and help them to reduce losses in practices like sourcing seed and inputs, production through harvesting, post-harvest handling, and aggregation.

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