Investment by African Seed Investment Fund
NASECO is one of the largest seed companies operating in Uganda. It is located in Hoima district in Western Uganda and produces and trades in hybrid maize seed. Additional products include rice, groundnuts, sorghum, soya beans, beans and sunflower. Seed is marketed to stockists and numerous NGOs operating in Northern Uganda, Southern Sudan and Eastern Congo.
Our investment has enabled NASECO to upgrade and expand its production facilities and also to implement its 5 year strategic plan for growth. Annual seed production now exceeds 3,000 MT per annum, resulting in the increased provision of improved seed varieties to smallholder farmers (who are its major end-consumers). We have also provided NASECO with a working capital facility to support its seed purchasing from out growers.
NASECO provides employment to more than 200 staff. In addition to provision of employment, the company supports its local and isolated community by: purchasing maize and rice seed from approximately 350 out growers, ensuring local boreholes are kept open for access to water, and acting an advocate for development needs, particularly with regard to maintaining the quality of road infrastructure.