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Commercial Farm, Uganda (Kapanua Project) – Asili Farms Ltd., Uganda

Asili Farms is a mechanized farming company that manages dual-season production of high-quality maize and soybeans for supply to regional food processors. Asili became operational in January 2014 and farms using conservation agriculture and precision farming approaches to maximize yields. The ultimate strategic goal of Asili is to establish commercial farming operations covering approximately 6,500 hectares. As part of the Agilis Partners Ltd. holding company, Asili Farms (AF) benefits from guaranteed demand from its sister company, Joseph Initiative Limited (JI), which is also a borrower under a CFC loan and markets Ugandan grains and pulses with extensive regional market access. 

CFC resources were expected to support the further expansion of commercial farming operations, as well as scale up Asili’s engagement in training small-scale farmers in commercial maize and soybean production. 

The investment was made with the expectation that it would strengthen Asili’s outgrower ecosystem by engaging more than 3,400 smallholder suppliers and training over 3,200 farmers, while supporting the cultivation of approximately 1,200 hectares of farmland. It was also expected to significantly increase maize yields from 1.5 t/ ha to up to 5 t/ha through improved farming practices, alongside the creation of approximately 270 direct jobs through expanded operations. 

 

Submitting Institution

Asili Farms Masindi Ltd.

Location

Uganda (LDC)

Commodity

Maize

Total Cost

USD 3,361,229

CFC Financing

USD 1,200,000 

Counterpart Contribution

USD 2,161,229

Year of Implementation

2017

SDGs