By Our Reporter
On Thursday, dfcu Bank hosted 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 atleast 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 revealed that: “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.
According to Mathias Katamba, dfcu Bank Chief Executive Officer, “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. This was reiterated by Wouter Kool, Head Trade and Commodity Finance Rabobank Africa. “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.