MAPPING UGANDA’S SOCIAL IMPACT INVESTMENT LANDSCAPE Joseph Kibombo Balikuddembe | Josephine Kaleebi This research is produced as part of the Platform for Uganda Green Growth (PLUG) research series KONRAD ADENAUER STIFTUNG UGANDA ACTADE Plot. 51A Prince Charles Drive, Kololo Plot 2, Agape Close | Ntinda, P.O. Box 647, Kampala/Uganda Kigoowa on Kiwatule Road T: +256-393-262011/2 P.O.BOX, 16452, Kampala Uganda www.kas.de/Uganda T: +256 414 664 616 www. actade.org Mapping SII in Uganda – Study Report November 2019 i DISCLAIMER Copyright ©KAS2020. Process maps, project plans, investigation results, opinions and supporting documentation to this document contain proprietary confidential information some or all of which may be legally privileged and/or subject to the provisions of privacy legislation. It is intended solely for the addressee. If you are not the intended recipient, you must not read, use, disclose, copy, print or disseminate the information contained within this document. 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This work has been undertaken solely for the purpose of understanding the landscape of social impact investment in Uganda. ii Mapping SII in Uganda – Study Report November 2019 TABLE OF CONTENTS Disclaimer ..........................................................................................................................................................ii List of Figures ................................................................................................................................................... v List of Tables ..................................................................................................................................................... v List of Abbreviations and Acronyms ..............................................................................................................vi 1. Executive Summary ......................................................................................................................................1 2. Background ...................................................................................................................................................1 2.1. The difference (CSR and SII) ................................................................................................................1 3. Study Synopsis .............................................................................................................................................2 3.1. Study goal ..........................................................................................................................................................2 3.2. Specific task for this research .............................................................................................................2 3.3. Consultancy deliverables .....................................................................................................................2 4. Study Approach ...........................................................................................................................................2 4.1. Scope ......................................................................................................................................................3 4.1.1. Search strategy ...............................................................................................................................3 4.1.2. Inclusion criteria .............................................................................................................................4 4.2. Mapping strategy .................................................................................................................................4 5. SII Initiatives in Uganda ...............................................................................................................................4 6. SII Initiatives within the Corporate Organisations ...................................................................................5 6.1. Financial inclusion of refugees in Uganda, UGAFODE ...................................................................5 6.1.1. UGAFODE SII initiative ................................................................................................................5 6.2. Century Bottling Co. sustainability strategy .....................................................................................6 6.2.1. Century Bottling Co. SII initiative ................................................................................................6 6.3. Raintree Farms sustainability strategy ...............................................................................................6 6.3.1. Raintree Farms social investment model ....................................................................................6 6.4. Pearl Capital Partners as a fund manager .........................................................................................6 7. Drivers of SII Investment in Uganda ..........................................................................................................7 7.1. SII awareness ..........................................................................................................................................8 7.2. Anchoring of SII initiatives ...................................................................................................................8 8. Policy and Legislation on SII .......................................................................................................................8 9. Planning SII Initiatives ..................................................................................................................................8 10. Challenges and Opportunities for SII in Uganda ....................................................................................9 10.1. Challenges of SII ..................................................................................................................................9 10.2. Opportunities for impact investors in Uganda ..............................................................................10 11. Corporate Social Responsibility Study Findings ....................................................................................10 11.1. CSR distribution per sector ...............................................................................................................10 11.2 CSR distribution per targeted beneficiary ................................................................................... 11 11.3 CSR distribution per setting ..........................................................................................................12 Mapping SII in Uganda – Study Report November 2019 iii 11.4. CSR distribution per donor type ......................................................................................................12 11.5. CSR distribution per region .............................................................................................................. 13 11.6. Beneficiary against setting assessment ........................................................................................... 13 11.7. Setting against donor category assessment..................................................................................... 14 11.8. Regional distribution against beneficiary assessment .................................................................... 15 11.9. Donor type against region assessment ............................................................................................ 16 11.10. Target sector against region assessment .........................................................................................17 11.11. Key observations ................................................................................................................................ 18 12. Building CSR Initiatives into SII Initiatives ............................................................................................. 19 Annex 1: Profiled Companies for CSR Initiatives ......................................................................................20 Annex 2: Data Collection Tool .................................................................................................................... 28 iv Mapping SII in Uganda – Study Report November 2019 LIST OF FIGURES Figure 1: Data sources .....................................................................................................................................4 Figure 2: SII investment sectors .....................................................................................................................6