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Uganda Green Enterprise Finance Accelerator inviting SMEs offering clean energy services

The Uganda Enterprise Finance Accelerator is fully funded by the EU Uganda delegation


Green businesses operating in Uganda are urged to apply for the accelerator programme offering free finance-focused workshops that offer discounted loans that help them scale with the intent to accelerate Uganda’s growth in two decades. Ugandan Green Enterprise Finance Accelerator (UGEFA) is targeting high-potential SMEs specialized in eco-tourism, sustainable transport, clean energy, green manufacturing, waste management, agro-processing, and turning raw materials into finished goods.

The press release shared on Independent Uganda opens today and closes on the 30 of November. This scheme will include capacity-building workshops and peer learning workshops delivered by implementation partners –  adelphi and Finding XY. Upon graduation from UGEFA programme, enterprises will be matched by banking partners. If they prove investible, they receive loans of which 33% are covered by UGEFA through EU funding.

Rainer Agster, Adelphi board member pointed out that the current pandemic presents a massive challenge for all enterprises as well as an opportunity for a transformation towards a greener economy.

The Uganda Enterprise Finance Accelerator is fully funded by the EU Uganda delegation and implemented by adelphi Research GmbH (an independent think-tank) and Finding XY (a Uganda non-profit). You can apply for UGEFA Programme here

Source: The Independent


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