Stanbic Uganda Holdings, USADF offer entrepreneurs USD400,000 in seed funding

Kampala-December 18, 2023

Twelve (12) entrepreneurs have been awarded USD 400,000 in seed funding following a partnership between the United States African Development Foundation (USADF) and Stanbic Uganda Holdings Limited (SUHL). The five-year $2 million dollar partnership is to provide development grants to Micro, Small and Medium-sized enterprises (MSMEs), Cooperatives, and producer groups in Uganda.

This funding initiative aims to support entrepreneurs in Uganda by providing them with the financial resources needed to grow and scale their businesses. The selected entrepreneurs will receive mentoring and technical assistance in addition to the funding, to help them maximize the impact of the investment.

Stanbic Uganda Holdings Limited (SUHL) is committed to supporting the growth and development of small businesses in Uganda, and this partnership with USADF is a testament to that commitment. By providing seed funding to entrepreneurs, SUHL and USADF are helping to stimulate economic growth, create jobs, and empower local communities.

Entrepreneurs play a crucial role in driving economic growth and innovation, and this funding initiative will help them realize their full potential. By investing in MSMEs, cooperatives, and producer groups, SUHL and USADF are investing in the future of Uganda.

This partnership between SUHL and USADF is a step in the right direction towards supporting entrepreneurship in Uganda. By providing seed funding to small businesses, this initiative will have a lasting impact on the local economy and help to create a more sustainable future for the country.

How will this affect me?

As a budding entrepreneur in Uganda, this funding opportunity could potentially be a game-changer for you. By applying for seed funding through this partnership, you have the chance to receive financial support, mentoring, and technical assistance to help you grow your business and achieve your goals.

How will this affect the world?

Supporting entrepreneurship in Uganda through initiatives like the partnership between SUHL and USADF can have a ripple effect on the world. By investing in small businesses and local communities, we are contributing to sustainable development, job creation, and economic growth not just in Uganda, but globally.

Conclusion

The seed funding provided by SUHL and USADF is a significant step towards empowering entrepreneurs in Uganda and driving economic growth in the region. By investing in MSMEs, cooperatives, and producer groups, this partnership is paving the way for a brighter future for the country and making a positive impact on the world.