Newman Foods secures $3 million to expand Uganda fresh-produce operations

Newman Foods sources crops from more than 3,000 smallholder farmers and supplies formal and informal retailers across Uganda. The company is locally owned and led, and AgDevCo's investment mandate targets a high proportion of Black African-owned and women-owned businesses. The financing is structured as a mezzanine loan. The expansion is expected to increase the company's processing capabilities and broaden its role in Uganda's agricultural value chain.

• newman foods
• uganda
• agriculture
• investment