SHONA Capital Partners with Cornerstone Asset Managers to Invest $500,000 (UGX1.84 billion) in Ugandan SMEs
SHONA Capital has secured $500,000 (UGX1.84 billion) in a landmark partnership with Cornerstone Asset Managers, unlocking local capital to support high-potential SMEs in Uganda! Through this collaboration, we’re providing local capital for local SMEs to achieve local growth. The local capital directed from high-net-worth individuals through Cornerstone’s Private Wealth division is guaranteed by the Kuo Sharper Initiative KSI. This highlights the collaborative effort to support local Ugandan businesses.
Rootical secures UGX 1.4 Billion to build food system transforming businesses in Uganda
Kampala-based regenerative business builder, Rootical, has announced that it has successfully raised €350,000 (1.4 billion shillings) in funding, led by The DOEN Foundation and followed by The French Embassy in Uganda, and Biovision Foundation for Ecological Development. They are currently recruiting future founders.