Agri-Business Capital Fund invests in JKCC, makes follow on investments in UNACREP, Anatrans

Coffee trader JKCC General Supplies has received EUR 800,000 from the Agri-Business Capital (ABC) Fund for it to continue supporting smallholder farmers.

Established in 2017, the company sources high-quality coffee beans from 3,700 smallholder farmers across sixteen districts in Uganda. It is currently in the process of receiving fairtrade certifications for 1,687 of those farmer, for the first time, by the year’s end.

The company received its coffee export licence in 2020 and, at the same time, started to process coffee. JKCC now exports approx. 80% of its produce and produces roast and ground coffee on a small cake under the JK Coffee Roasters brand.

The investment in JKCC General Supplies follows two repeat investments by the ABC Fund. An investment of EUR 2mn has been made in UNACREP, a microfinance institution in Benin, West Africa. The company provides short- and long-term loans and microcredits to its members, collects deposits and savings from its members and clients and trains and builds capacity. Also, a further EUR 4mn has been invested into Anatrans, a cashew nut processor based in Burkina Faso.