Dfcu Bank has today met with commodity traders for a dialogue on, “Stimulating growth through Commodity trade from a regional and global perspective.”
The event, held at the Kampala Serena Hotel, in partnership with RaboBank brought together at least 100 commodity traders and other key stakeholders in the agriculture value chain.
Speaking on the global demand trends, Gerald Low the Director, Senior Relationship Manager Rabobank Africa said Ugandan goods have space on the global market as long as their standards improve.
“Global demand for Uganda produced commodities like coffee will grow whilst Ugandan macro trends show a greater demand for commodities such as wheat and Palm. Both trends provide growth opportunities for Uganda traders opportunities such as these require tailor made financial solutions across the entire agriculture value chain from farm to gate,” he said
According to Mathias Katamba, the Dfcu Bank Chief Executive Officer, the Bank with its partner Rabo Bank has been supporting production of agricultural products because they understand the potential that agriculture has in improving Uganda’s economy and the wellbeing of the majority Ugandans
“It takes a good understanding of the agriculture ecosystem to provide financial solutions that stimulate growth along the agriculture value chain. Our financial solutions are specifically designed to be able to respond to the needs of the different players in the eco system – from the small holder farmer to the the commodity trader.
Building strong partnerships is crucial to dfcu’s strategy in delivering on its mandate of making more possible through Commodity trade finance,” he said
This was reiterated by Wouter Kool, Head Trade and Commodity Finance Rabobank Africa who added
“Dfcu Bank with its deep understanding of the Ugandan market, and Rabobank’s Food & Agriculture expertise and global network, together we are supremely positioned to support commodity traders in mining value in the value chains.”
Dfcu’s structured Commodity Finance is designed for commodity producers and trading companies doing business in the developing market. Solutions include Stock finance, pre-export finance and ware house receipt financing.