Uganda’s JKCC General Supplies has secured a $6.5 million loan from the IDH Farmfit Fund to support its operations and expand its reach among local coffee farmers.
JKCC, which stands for Just Know Your Coffee Cup, was established in 2019 and specializes in marketing robusta and arabica green coffee beans.
The company works exclusively with smallholder farmers, sourcing all of its coffee from a network of more than 7,000 growers across the country.
The financing comes in the form of a subordinated loan, a type of funding that typically carries higher risk for the lender but offers crucial support to growing businesses.
Roel Messie, CEO of IDH Invest—the fund’s manager—praised JKCC’s approach, noting the company’s strong ties with local farmers.
“We are proud to partner with JKCC and support their expansion,” he said.
“It’s inspiring to see a homegrown exporter thrive in a space often dominated by international players. Their deep investment in farmer support is clearly driving their success.”
The investment aims to strengthen JKCC’s supply chain while enabling the IDH Farmfit Fund to increase its impact at the farmer level.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Egypt-based climate-tech startup, NoorNation, has secured an undisclosed investment from KBW Ventures, a venture capital firm founded by Saudi Prince Khaled bin Alwaleed.
SeamlessHR, a Nigerian-based HR technology company, has successfully raised $9 million in a Series-A extension round, TechCabal reports.
Salient Predictions, a startup that develops AI-powered weather forecasting solutions, has secured a $2.9 million grant courtesy of the Bill & Melinda Gates Foundation.
© 2021 Empower Africa. All rights reserved.
