The USAID Hub partnered with Eastern Africa Grain Council (EAGC) to facilitate 201,688 metric tons (MT) of grain and staples contracts worth US$ 61,527,121 at a Ugandan-based regional trade forum on February 8. This was the fourth largest business-to-business (B2B) forum that the USAID Hub has hosted to connect the private sector across East Africa and to ensure grain is moving from surplus countries to deficit countries which in turn leads to sustainable trade and food security. With the Uganda forum, the USAID Hub has cumulatively facilitated over 1.26 million MT in regional trade of grains and pulses. Once contract delivery is complete, grain traded through the USAID Hub's B2B forums will have contributed to the food security of 14.9 million East Africans.
The USAID Hub partner EAGC was integral to the success of the forum. EAGC connected numerous local Ugandan sellers who signed contracts with regional buyers for their surplus grains with Maize being the main commodity traded comprising of 157,282 MT valued at US$ 35,533,346. Other organizations that participated included Farm Africa who sponsored 10 participants to the regional trade forum. The participants signed commitments to sell 4,600 MT of maize, green grams and beans with an estimated value of USD 2,820,000.
In November last year, the Hub’s partnership with EAGC, the USAID Rwanda Private Sector Driven Agriculture Growth (PSDAG) program and the East Africa Exchange facilitated 175,616 metric tons of grain contracts at a Rwandan-based regional trade forum.
The USAID Hub supports intra-regional trade in staple foods in the East African region in line with the U.S. Government's Global Food Security Strategy. The efficient movement of staple foods from surplus producing to deficit regions is one way to improve regional food balance and support the region's ability to achieve food security.