Investment for Industrial Transformation and Employment (“INVITE”) is a collaborative program between the Government of Uganda, the private sector and its development partners; The World Bank Group, SIDA, UK Government, Ministry of Foreign Affairs of the Netherlands. INVITE aims to create private sector manufacturing jobs and increase incomes across Uganda. INVITE will achieve this by supporting manufacturing and exporting firms. INVITE will operate a range of products through the private sector foundation Uganda and the Bank of Uganda INVITE Trust.
How INVITE makes businesses thrive
Micro Small and Medium Enterprises (MSMEs) with need, are provided with the ability to expand through new financing to restart and strengthen economic growth. The businesses are boosted as the project provides financial backup for new lending to MSMEs, extends money for longer periods to larger investment projects, and makes grants to private businesses with investment in refugee communities. The grants are awarded on a competitive basis. The project targets MSMEs with a focus on manufacturing and export supply chains, by setting up a Credit Guarantee Facility (CGF) to share the risks associated with new lending on a proposed 50/50 basis with Participating Financial Institutions (PFI). Long-term financing is provided to the PFIs in the form of subordinated loans which are unsecured loans or bonds to be repaid to the lender before any other debts owed by the financial institution. These target key economic assets, and private and public-sponsored projects. In the case of privately sponsored projects, where a borrower is unable to service the subordinated debt, the terms of the subordinated debt allow the facility to convert its subordinated debt into equity.
Project Products
INVITE Accelerates Exports across regions
The project is boosting Ugandan producers and potential producers of value-added manufacturing products to be able to access regional and high-income markets for export.
Investment in Refugee and Host District Supply Chains
Lead investors in manufacturing or exporting manufactured and semi manufactured supply chains will be supported to locate investments that are beneficial to refugee and their host communities. Read more …
Partial Credit Guarantee for Business Loans
This product will support businesses by taking on some of the risk in their loans. This will allow business to access more favourable loan terms. Read more …
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Developing Exporting Firm Capabilities
Exporting firms of manufactured and semi manufactured products planning to increase exports to high value markets or identify new high value markets receive business development services. Eligible firms receive expert advice on developing export strategies, product improvement standards and certification e.t.c intended to increase their market share and value in export markets.
Investment in Refugee and Host District Supply Chains
Lead investors in manufacturing or exporting manufactured and semi manufactured supply chains are supported to locate investments that are beneficial to refugee and their host communities. Lead investors are supported to establish factories in new supply chains to increase potential incomes of refugees and their host communities.
Partial Credit Guarantee for Business Loans
This product supports businesses by taking on some of the risk in their loans. This allows business to access more favourable loan terms.
Long-term Flexible Loans in Uganda Shillings
This product provides long-tenure loans to both private businesses and public sector organizations. These loans are targeted to support long-term improvements in businesses or projects that increase efficiency.
Cost-sharing of Loan Extensions
This product supports firms who restructured a loan under the Bank of Uganda’s Covid-19 Relief Scheme. The costs of that restructuring are shared by the INVITE Trust.
Loan Interest Discount
This product supports Micro-Finance Institutions by providing a line of credit. Those institutions are able to issue discounted loans to businesses.
Accelerated Invoice Payments
This product allows businesses to sell their invoices from large buyers to the INVITE Trust at a small discount, and in turn be paid rapidly for goods and services delivered. This service is cheaper than equivalent commercial offerings.
Implementing Agencies
Funding Partners
