Bee Natural Uganda
BNU is the biggest honey and bees wax producers in Uganda. It is the only honey producer with the national UNBS quality certificate in Uganda. BNU is founded by Maria Odido a top Ugandan business women in April 2008. The company’s main area of operation is the West Nile region which includes the districts of Arua. Arua city is the location of their processing plant. The company sources their raw material from about 2.000 smallholder farmers.
In 2015, we started our engagement with BNU by offering a 7 years senior term loan to support the company realizing their investment plan and increasing their working capital to growth their business. Along our financial investment we monitored and improved the working conditions for the local staff members.
Our investment in BNU has a positive effect on the income of small farmers in Northern Uganda where 95% of households rely on subsistence farming as the principal source of income. Due to poor infrastructure, energy access and capital, Arua has been unable to attract many large corporate companies which have hampered the economic growth of the region. BNU is one of the important local market players in Arua and thus our investment stimulates the local economy as well.