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MasterCard Foundation to invest in Ugandan companies

Published on August 14, 2015

Uganda is among eight countries set to receive USD50m (Sh177b) by the Master Card Foundation Fund for Rural Prosperity to fund innovations aimed at improving access to finance in rural populations in sub Saharan Africa.

In a breakfast workshop attended by bankers in Kampala on Wednesday, Gabriel Kivuti a Specialist in access to finance for the Fund for Rural Prosperity Programme said the Fund will improve the lives of one million smallholder farmers and other people living in poverty in rural Africa by encouraging the ingenuity of African businesses in or related to the financial sector.

"The fund will support innovative ideas that have the potential to grow to scale and also have a deep social impact on the lives of rural people living in poverty throughout Sub-Saharan Africa," Kivuti said. Read more. Source | Newvision