Ugandan Businesses to Seek Over $28 Million in Climate Finance Pitch This November

In a major step toward securing climate-focused investments, six innovative Ugandan businesses will pitch their low-carbon projects to investors this November, aiming to raise over $28 million in funding. These businesses, selected as part of the UK-funded Climate Finance Accelerator (CFA) Uganda program, represent sectors such as waste management, transportation, energy, and agriculture, all with the potential to reduce carbon emissions and benefit communities across the country.

Chosen from over 140 applicants, the six companies are part of CFA Uganda’s second phase, a capacity-building initiative designed to connect climate-focused businesses with investment opportunities. With support from both Ugandan and international experts, these businesses will receive customized guidance on financial modeling, pitching strategies, and improving gender equality and social inclusion (GESI) aspects within their projects.

In addition to the six businesses, four others will take part in CFA webinars to prepare for future CFA opportunities. Chargé d’Affaires Philip Smith expressed enthusiasm for the new cohort, highlighting their potential to secure investment for their climate-resilient projects.

The project developers will gather in Kampala in November for an in-person pitch event with investors, followed by a virtual session with regional stakeholders. In December, four projects will head to London for another round of investor meetings, capitalizing on CFA’s global connections to drive lasting financial support for Uganda’s climate goals.