Ugandan Farmers Get An Acumen Infusion

Ugandan Ugandan Farmers Get An Acumen Infusion

The Gulu Agricultural Development Company (GADC) will receive $2.2 million from Acumen Fund and Root Capital, to improve the company’s organic cotton output to help civil war refugees in the region to maintain small farmers livelihoods, says an article in Fastcompany.

GADC was proposed by the Government of Uganda as a solution to the shambles that the people were living in for the past 25 years due to armed conflict and civil strife. The people wanted to return to their farms and a cash crop like cotton seemed ideal as a subsistence and livelihood crop. South African entrepreneur Bruce Robertson was asked to take over a cotton gin in order to kick start a cotton-producing ecosystem.

According to Fastcompany, Gulu District has an estimated 61 per cent of the people living in poverty, almost twice the national poverty level of 31 per cent.

Biju Mohandas, Acumen Fund’s East Africa Manager aims at providing the people with a means of livelihood and go beyond just helping them to sell cotton.

To read the full story: Acumen Fund Co-Invests $2.2 Million in Ugandan Cotton Ginnery

PinExt Ugandan Farmers Get An Acumen Infusion
Share and Enjoy:
  • facebook Ugandan Farmers Get An Acumen Infusion
  • twitter Ugandan Farmers Get An Acumen Infusion
  • digg Ugandan Farmers Get An Acumen Infusion
  • stumbleupon Ugandan Farmers Get An Acumen Infusion
  • delicious Ugandan Farmers Get An Acumen Infusion
  • linkedin Ugandan Farmers Get An Acumen Infusion
  • technorati Ugandan Farmers Get An Acumen Infusion
  • diigo Ugandan Farmers Get An Acumen Infusion
  • wikio Ugandan Farmers Get An Acumen Infusion
  • reddit Ugandan Farmers Get An Acumen Infusion
  • tumblr Ugandan Farmers Get An Acumen Infusion
  • newsvine Ugandan Farmers Get An Acumen Infusion
  • posterous Ugandan Farmers Get An Acumen Infusion
  • googlebookmark Ugandan Farmers Get An Acumen Infusion

Leave a Reply


6 − 1 =

Photo of The Week


H&M's Conscious Collection

FEATURED VIDEOS

FLICKR PHOTO STREAM

© 2014 sustainable cotton | make cotton sustainable | organic cotton. All Rights Reserved.