Thursday, June 13, 2024
Home > Agribusiness > dfcu Bank ‘Committed to Continue Supporting Agriculture Sector’ As 2024 Best Farmers Competition Launched

dfcu Bank ‘Committed to Continue Supporting Agriculture Sector’ As 2024 Best Farmers Competition Launched

dfcu bank’s Annette Kiconco (2nd Left) joined representatives from Vision Group, The Embassy of the Netherlands in Uganda, KLM Airlines and Koudjis to  launched the 9th edition of the Best Farmers Competition

dfcu Bank, in partnership with Vision Group, The Embassy of the Netherlands, KLM Airlines, and Koudjis Nutrition BV, has launched the 9th edition of the Best Farmers Competition.

The Thursday launch took place at Sight Farm in Namulonge, which is run by Henry Sight Lugoloobi, the first-runner up of the 2023 competition. 2024 marks 10 years since the competition started and so far, it has produced 111 winners, with 97 of them participating in the extensive week-long training in the Netherlands.

The competition over the years has seen an increase in production on farms across the country. This year, the competition will put emphasis on value addition, and all the winners from the different sub regions will be required to demonstrate how they add value to their products. The competition hopes to encourage proper post-harvest handling to maximize value from the farm outputs.

Speaking at the event, Annette Kiconco – Chief Retail Banking Officer at dfcu Bank stated that the bank is very deliberate about driving positive change in the agriculture sector in Uganda and have been part of the Best Farmers Competition since 2014. She stated that dfcu has designed agribusiness financing facilities and solutions for farmers in specific niches such as perennial or annual crops, poultry, or beef as well as distribution.

Kiconco further stated that dfcu Bank, through a partnership with Rabo Foundation established the Agribusiness Development Center with an aim of transforming the way agriculture is practiced in Uganda. “Through our Agribusiness Development Center, we have so far trained 885 enterprises, we have had 17, 574 female beneficiaries in different programs, 3,935 small holder farmers linked to financiers and $17.2 Million worth of credit linkages. We also launched an online platform called Soma-Online where we are equipping over 5,000 learners,” she said.

Annette Kiconco – Chief Retail Banking Officer at dfcu Bank, speaking at the event

Kiconco also thanked the partners for continuing to support the Best Farmers Competition, and reaffirmed dfcu’s commitment to transforming lives and businesses in Uganda by supporting the agriculture sector.

Making his remarks, Don Wanyama, The Vision Group CEO expressed his gratitude to the partners for their continued support to the Best Farmers Competition. He encouraged the farmers to embrace the spirit of working together through cooperatives. Wanyama said that cooperatives make it easier for farmers to access services such as training, affordable inputs, and better bargaining power for their produce.



Taddewo William Senyonyi
William is a seasoned business and finance journalist. He is also an agripreneur and a coffee enthusiast.

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