KAMPALA, UGANDA: A groundbreaking partnership between Africa Mega Agri Corp PLC (AMAC) and The Grain Council Union of Uganda is set to transform Uganda’s agricultural sector by eliminating distress selling and unlocking instant financing for farmers.
The agreement, signed on Thursday, March 26, connects over 400 TGCU member organisations and millions of farmers to AMAC COMEX, a cutting-edge commodities exchange platform designed to link producers to domestic, regional, and global markets.
Through the deal, farmers and cooperatives will now trade a wide range of commodities, including grains, maize, nuts, coffee, tea, fruits, vegetables, and animal feeds, on a secure, transparent digital marketplace.
According to officials, a central feature of the partnership is the introduction of the Warehouse Receipt System (WRS), which allows farmers to store produce in certified facilities managed by Ace Global.
Under this system, farmers receive certified receipts for stored produce, which can then be used as collateral to access financing, eliminating the need to sell crops immediately after harvest at low prices.
Instant Financing Boost
For the first time, TGCU members will benefit from instant post-delivery financing through a network of 13 local and regional banking partners.
This means farmers can access working capital immediately after delivering produce, without waiting for buyers to complete payment, an innovation expected to significantly improve cash flow and productivity.
AMAC COMEX CEO Abraham Ng’etich described the initiative as more than just a trading platform. “What we have created is an ecosystem. This is not just a business transaction; it is a statement that Uganda’s farmers deserve access to world-class market infrastructure,” Ng’etich said.
The platform also integrates trade insurance, logistics support, and access to verified global suppliers, creating a full end-to-end agricultural trade solution.
TGCU Chairman Robert Mwanje welcomed the partnership, saying it addresses long-standing market access challenges. “This partnership will come as a major relief for our farmers who have struggled to secure reliable markets for their produce,” Mwanje noted.
The agreement delivers key benefits to farmers, including:
- Access to global commodity markets
- Certified warehousing and storage solutions
- Instant financing upon delivery
- Trade insurance and logistics support
- Access to verified international supplier networks
Analysts say the partnership could mark a turning point in Uganda’s agricultural value chain by improving price stability, reducing post-harvest losses, and empowering farmers with better bargaining power.
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