What's Happening?
dfcu Bank has reaffirmed its commitment to Uganda's agricultural sector by deepening its 11-year partnership with the Best Farmers initiative. At the Best Farmers Awards 2025 in Kampala, dfcu Bank's Chief Retail Banking Officer, Annette Kiconco, emphasized
the bank's focus on empowering farmers through finance, knowledge, and strategic partnerships. Agriculture is a vital part of Uganda's economy, engaging over 60% of households and contributing significantly to GDP and export earnings. The bank's involvement aims to build resilience and leadership within farming communities, promoting agriculture as a viable business. The dfcu Foundation plays a crucial role in training and mentoring farmers, helping them adopt modern practices and improve governance. The initiative's success stories, such as the transformation of Elgon Cooperative Union, highlight the impact of knowledge and strategic support on community development.
Why It's Important?
The partnership between dfcu Bank and the Best Farmers initiative is crucial for Uganda's economic development, as agriculture is a cornerstone of the country's economy. By providing financial support and capacity building, dfcu Bank is helping to modernize the agricultural sector, making it more sustainable and profitable. This initiative not only supports individual farmers but also strengthens the entire agricultural value chain, contributing to national food security and economic growth. The collaboration with partners like KLM and Vision Group further enhances the initiative's impact, opening new markets and promoting agricultural success stories. The focus on value addition and modern practices is essential for Uganda to compete in regional and global markets.
