Kampala, Uganda – Equity Bank has signed a Memorandum of Understanding (MOU) with the Uganda Co-operative Alliance and Uganda Central Co-operative Financial Services Ltd.
This partnership marks the official launch of the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM), a initiative funded by the International Fund for Agricultural Development (IFAD).
The ARCAFIM program aims to provide financial support to smallholder farmers and rural communities, enabling them to adapt to climate change and improve their resilience.
The partnership will leverage the strengths of each organization to provide access to finance, markets, and capacity building for rural communities.
Speaking at the signing ceremony, Elizabeth Mwerinde Kasedde, Executive Director of Equity Bank Uganda, emphasized the importance of collaboration in addressing the challenges faced by rural communities.
“We are proud to partner with the Uganda Co-operative Alliance and Uganda Central Co-operative Financial Services Ltd to launch ARCAFIM. This initiative will empower small holder farmers and rural communities to build resilience against climate change,” She said.
The Uganda Co-operative Alliance and Uganda Central Co-operative Financial Services Ltd will work closely with Equity Bank to reach rural communities and provide them with financial services, training, and capacity building.
This partnership is expected to have a positive impact on the lives of thousands of small holder farmers and rural communities in Uganda, contributing to the country’s sustainable development and climate resilience goals.
