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Past experiences

Relevant Services carried out in the last Five years

Coronet Consult Ltd offers a unique set of capabilities that combine to make our team a superior choice for providing base line and other assessment studies by:

–    Demonstrating the technical capacity and quality of our multi-disciplinary team members who are dedicated to this effort

–    Capitalising on the extensive experience of our staff team in provision of similar services

–    Leveraging on our in-depth knowledge of the practices and procedures to efficiently and effectively execute consultancy studies.

–    Outlining a significant track record through our credentials and references

–    Emphasizing a culture of respect, collaboration, and flexibility in working with clients to achieve their aims

–    Proposing a detailed and holistic modus operandi that will provide actionable outcomes built upon best practice experiences

•    During the period 2004 – 2006 and with extensive interaction with various stakeholders including overseas donors and international consultants, Coronet provided technical support to the CFC funded warehouse receipt system project management units in Uganda, Tanzania and Zimbabwe.  Coronet was specifically tasked with developing, on a pilot basis, opportunities for small scale cotton and coffee farmers and traders to improve the marketing of their commodities through testing a system of commodity trade finance based on inventory collateralization and warehouse receipts.

Several pilots were undertaken where small scale farmers were encouraged to take on the role of exporters.  To-date, the Ankole Coffee Farmers and Processors Coop, a union of 15 primary societies and the Nyamambuka Cotton Farmers comp[rising over 400 cotton farmers have benefited from this development initiative.

•    In October 2006, Coronet was engaged for a year by the GTZ-Sida funded project at the Bank of Uganda to undertake a national baseline survey of those engaged in the marketing and artisanal processing of major commodities.  The assignment also required collection of data on value chains and the provision of financial services using warehouse receipts to those SME enterprises listed as engaged in the marketing and the artisanal processing of various crops and livestock products in Uganda.

Whereas the primary focus of the data collection was on lower income producers, traders and artisanal processors, those entities operating on a larger scale were also included in order to complete the overview of the sector and because of the growing number of interlinked transactions between small and larger scale operators.

The findings of the study were presented to governmental and banking industry policy makers, farmer associations, commodity interest groups, development partners and other interested parties in the 2008 and 2009 PMA Agricultural Finance Year Books.

•    During the period October 2006 – February 2007,Coronet was engaged as Training Consultant by the Agribusiness Development Component of the Danida (Danish Development Agency) funded Agricultural Sector Support Program (ASPS) and Uganda Institute of Bankers during 2006 to undertake trainings in Agricultural Lending and Structured Commodity Trade Finance using warehouse receipts with an objective of getting Tier II Financial Institutions, in particular, to manage their risk and increase lending to the Agricultural Sector.  Seven (7) commercial banks and 4 MFI’s active in the agricultural sector participated.

•    Engaged by the National Planning Authority (NPA) to undertake a 2 month baseline study on strengthening the marketing of Rice based on Building a Strong Value-Chain for the Rice Industry in Uganda.

•    Awarded a contract by the Ministry of Tourism, Trade and Industry (MTTI) to undertake a National Warehouse Survey in all the districts of Uganda.  This was required to determine the state and available capacity of warehouses in order to assess the viability of implementing a warehouse receipt system for agricultural commodities in Uganda.

•    Engaged by FSD Trust Kenya and East African Grain Council from Sept – Nov 2007 to assess the feasibility of introducing warehouse receipts as a viable and acceptable instrument to address the constraints to the provision of finance to the Kenyan grain industry.   The objective of the feasibility study was to prepare an analysis of the feasibility of introducing Warehouse Receipts as a viable and accepted instrument in financing the Kenyan grain trade.

•    In December 2007, contracted by SNV Uganda (The Netherlands Overseas Development Organisation) to undertake a value chain analysis of the pineapple sub sector in the central and western districts of Uganda

•    Since January 2008, Coronet has been engaged by SNV, as a Local Capacity Builder (LCB) to undertake similar value chain analyses and baseline surveys of the apiculture and oilseed (groundnuts, sesame and sunflower) in Northern Uganda, an area previously ravaged by war.

•    Engaged by GFA/Uganda Commodity Exchange in August 2008 to undertake a mission to improve credit accessibility to the grain sector through networking and cooperation with the banking sector in Uganda.  A successful outcome of this assignment was to attract 3 leading banks who have expressed interest in financing grain warehouse receipts under the recently promulgated WRS Act 2006 and exchange trading on the Uganda Commodity Exchange.

•    Engaged by the Uganda Export Promotion Board (UEPB) in July 2008 to prepare sector and value chain profiles for the dairy, cotton, coffee, maize and pineapple sectors in Uganda

•    Engaged by the Uganda Cooperative Alliance and KILIMO Trust in April 2009 to develop a workable financial package by which SACCOs and Area Marketing Enterprises (ACEs) can use warehouse receipt finance to mobilize and secure lending based on commodity collateral.  The 3- month study involved a working trip to Kenya and Tanzania to appraise the success and experiences of similar attempts.

•    In 2009, contracted by the Government of Uganda to manage warehouses country-wide where warehouse receipt systems will be rolled out to farmers and farmer groups.  Coronet is already operating in Jinja, Masindi and Kasese where maize deposits are received, analysed, dried, cleaned and bagged for export.

•    Coronet is currently approved and already providing independent third party collateral management services for 8 Ugandan banks including Stanbic Bank, Development Finance Company of Uganda Limited (STANBIC), Centenary Rural Development Bank (CERUDEB), Kenya Commercial Bank (KCB), Tropical Bank Ltd, Bank of Africa, Housing Finance Bank, and Uganda Development Bank (UDB).  We are in the advanced stages of being pre-qualified by Post Bank Uganda, Bank of Baroda, Eastern and Southern African Trade and Development Bank (PTA Bank) and the East African Development Bank (EADB).

•    Appointed by the United Nations World Food Program in April 2011 to manage its public warehouses under its Purchase for Progress Initiative that targets procurements from small scale farmers in Uganda.  Coronet is currently managing a 6000MT facility in Gulu under this program.

•    In August 2010 facilitated a specialized training course for Business Banking Staff of STANBIC on structuring of trade finance facilities and application of warehouse receipt financing and collateral management interventions to commodities

•    Engaged by GIZ/Bank of Uganda to develop a structured trade fiancé product for banks that are targeting the grain sector in Northern Uganda.  This product will be replicated across the country after the initial season slated to commence in August 2011

•    In February 2011 facilitated another specialized training course for Business Banking Staff of Bank of Africa on structuring of trade finance facilities and application of warehouse receipt financing to soft commodities

•    Coronet Consult Ltd has been regular contributor of articles to the Plan for Modernisation of Agriculture Agricultural Finance Magazine on the development of warehouse receipt systems in Uganda over the period 2007 – 2010

•    November – December 2011: Contracted by CFC/NRI undertake a Cross-country Review of warehouse inventory credit systems in East Africa and linking them with commodity exchange operations

•    January – March 2012:  Contracted by the Agriconsulting Europe SA, Belgium, as specialist consultants (Experts on Commodity Trading; Settlement and Clearing platforms) to a UNDP sponsored project to prepare legislation for a Warehouse Receipts System and an operational framework for a Commodity Exchange in Ghana

•    November 2012 – January 2013: Engaged by Bank of Tanzania and the Tanzania Warehouse Receipt Systems Licensing Board to carry out a thorough assessment of the existing warehouse receipt system in Tanzania and recommend improvements to the system to ensure that it can effectively support a viable commodity exchange

•    March – May 2013: Undertook an assessment of the beneficiaries of USAID’s Development Credit Authority (DCA) Loan Guarantee Program.  The objective of DCA Program is to encourage banks to make loans to commercially viable MSME projects especially where collateral is insufficient, to increase their lending to the agriculture sector, to encourage wholesale lending to the MFIs, and to encourage lending to the rural areas

•    May – June 2013:  Undertook an assignment on behalf of USAID to study the relationships between improvements in post-harvest handling (PHH) and processing, and access to stable and affordable electrical energy.

•    Aug – Sept 2013: NRI (UK) and Coronet were engaged by the International Fertilizer Development Council (IFDC) to review the existing legislation and policy framework for implementing an inventory credit system and commodity exchange in Rwanda and propose areas for improvement.

•    Sept 2013 – On-going: Coronet was engaged by the USAID as part of a consortium of with local and international partners to implement a coffee project in Northern Uganda to increase the saleable yields and quality of Arabica coffee produced by 16,000 previously unreached farmers in the West Nile Region of Uganda. The improved access to international markets, technology, and finance offered by the partnership will allow farmers to deliver increased yields and quality, which will dramatically improve their household incomes and food security.  Our role is to identify financing needs and opportunities among coffee farmers and producer groups, assessing the capacity of SACCOs and VSLAs to eventually strengthen the services they offer coffee farmers in the Paihda/Erusi region, and identify new financial products for coffee farmers among commercial banks and SACCOs that can be piloted under the Alur Highlands Coffee Alliance project.

February 2018
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