The Foundation is now a co-majority shareholder Enimiro Products Uganda Limited (Enimiro), marking its entry both into the vanilla sector and Uganda. The equity plus debt investment is alongside David Wright, the Founder of EPUL.
Enimiro currently works with approximately 3,000 certified farmers in the production, processing, and marketing of vanilla beans in Uganda. Enimiro’s aim is to create a sustainable, transparent, and fully traceable vanilla value chain in partnership with smallholder farmers and premium buyers.
This investment will support Enimiro’s growth and expansion plans, ensuring that more Ugandan vanilla farmers enjoy higher and sustainable returns. Farmers will also benefit from training and agronomy advice among other services from Enimiro.
Speaking at the signing ceremony held in Jinja, Uganda, Sir Ian Wood KT GBE, Executive Chairman of The Wood Foundation, said:
“We are excited about this investment as it will hopefully improve the livelihoods and incomes for thousands of vanilla farmers while advancing Uganda’s reputation as a premium origin for high-quality vanilla.
“This model of venture philanthropy is a long-term, intensive partnership which creates transformational change within economies and communities.
“We look forward to providing strategic, operational, and financial support to assist Enimiro scale-up, while also ensuring the economic benefits to smallholders continue to grow.”