DOB Equity, a Dutch investor, has completed an equity investment in Joseph Initiative, an Ugandan agricultural trading company.

"The funding will be used to expand Joseph Initiative’s processing and storage facilities in Western Uganda," the firm said in a statement.

Joseph Initiative focuses on delivering bulk high quality agricultural produce to East African markets.

It has developed and deployed an integrated supply chain for maize that stretches from village-level farm-gates across Western Uganda to high-value regional markets.

The business has substantially chopped the immense post-harvest loss that currently plagues Uganda while competitively feeding the region.

As a result of Joseph Initiative’s operations, the company has established a formal, transparent and cash-on-delivery market in villages across Western Uganda.

This new, reliable, rural demand enables Joseph Initiative’s facilitation of financial and agricultural services for farmers.

Access to these services catalyzes yields and improves quality of Ugandan smallholders’ produce. The company is run by a dynamic and professional team with strong execution abilities and local embedding.

DOB Equity is an independent, long-term investor in companies in East Africa with a current portfolio of eight investments.

DOB Equity invests in companies that will positively contribute to a more social and sustainable society and deliver long-term profitability.

The fund is evergreen with all proceeds from investments reinvested into the fund.

The investor is well capitalized and will continue to target East African companies looking for growth capital and contributing to a more social and sustainable society.

The fund is supported by a team of professionals in The Netherlands and Kenya and an Investment Committee.