dfcu Bank has announced a strategic partnership with Meta Plant & Equipment Uganda Limited aimed at expanding access to asset financing and accelerating agricultural mechanisation across the country.
The collaboration merges dfcu’s financing expertise with Meta’s established position as a leading supplier of agricultural and construction machinery in East and Southern Africa.
Meta, the authorised dealer for global brands such as New Holland, Dezzi, and Fieldking, provides high-performance equipment supported by technical expertise, parts availability, and reliable aftersales service.
The partnership was officially launched at Kakira Sugar Factory in Jinja, a historic agro-industrial hub and Uganda’s largest sugar producer.
Kakira Sugar Limited, operated by the Madhvani Group, crushes approximately 7,500 tonnes of cane daily and supports over 13,000 outgrowers in the Busoga sub-region.
By launching in such a strategic location, the partnership directly connects financing and mechanisation solutions to farmers, transporters, and agribusiness operators, positioning itself at the heart of a critical agricultural value chain.
Through dfcu’s Vehicle and Asset Finance programme, customers can now access up to 90% financing for tractors, harvesters, irrigation systems, commercial vehicles, and industrial machinery. Flexible repayment plans are aligned to seasonal and business cash flows, enabling both smallholders and established enterprises to invest in modern equipment without straining their finances.
Annette Kiconco, Chief Retail Banking Officer at dfcu Bank, said, “Over 70% of Uganda’s population depends on agriculture, yet mechanisation remains low. This partnership brings financing closer to where decisions are made, enabling farmers and agribusinesses to access equipment that can improve productivity, reduce losses, and grow sustainably.”
Gloria Ssuuna Namutebi, Senior Manager for Vehicle and Asset Finance at dfcu, added, “By offering financing of up to 90%, we lower the upfront burden on customers. Farmers, SMEs, and agribusinesses can acquire the machinery they need without affecting cash flow, ensuring more sustainable and scalable operations.”
Najjemba Dorcus, Marketing and CRM Manager at Meta Plant & Equipment Uganda, emphasized the importance of reliable machinery, stating, “Through this partnership, customers gain access to globally recognised brands with strong aftersales support, ensuring consistent performance and long-term value.”
Mombwe David Christopher, Chairperson of the Busoga Outgrowers Association, welcomed the initiative, noting that access to modern tractors and equipment will improve planting schedules, increase yields, and secure a consistent cane supply to factories. He highlighted that mechanisation is essential for transitioning farmers from subsistence to profitable, commercial agriculture.
Uganda’s mechanisation levels remain below recommended thresholds, with fewer than 1.5 tractors per 1,000 hectares of arable land. This has contributed to continued reliance on manual labour, limited acreage under cultivation, and post-harvest losses of up to 30% in some value chains.
By integrating financing with access to high-quality equipment and dependable aftersales support, dfcu Bank and Meta Plant & Equipment are addressing a critical productivity gap, strengthening supply chains, improving yields, and supporting participation in both domestic and regional markets.
This partnership builds on dfcu’s expanding ecosystem of Asset Financing solutions, reinforcing the bank’s position as a leading partner in Uganda’s agribusiness sector and a key driver of broader economic transformation.
