Equity Bank Uganda, in partnership with Sanyuka TV, has intensified efforts to strengthen financial literacy among farmers through the Tulime, Tulunde, Tufune Agro Expo, equipping agripreneurs with practical money management skills to help transform agriculture into profitable and sustainable businesses.
Speaking during the Expo at the UMA Show Grounds in Lugogo, Equity Bank’s Financial Literacy Trainer, Philip Kiryowa, said many agricultural enterprises struggle not because of poor production, but because farmers fail to manage their finances effectively.
Kiryowa urged farmers to separate personal finances from business funds, warning that mixing household expenses with farm income weakens cash flow, limits growth and often pushes businesses into debt.
“Financial discipline is one of the most valuable investments a farmer can make. When you separate business money from personal expenses, keep proper records and plan your finances, you create a business that can grow and attract financing,” he said.
He encouraged farmers to develop practical budgets, maintain financial records, save consistently and reinvest profits back into their enterprises instead of treating all farm earnings as personal income.
According to Kiryowa, agriculture should be managed as a commercial enterprise with clear financial systems that enable farmers to monitor costs, measure profitability and prepare for future expansion.
The training formed part of Equity Bank Uganda’s broader financial literacy programme, which seeks to equip individuals and businesses with practical financial management skills to improve productivity, enhance financial inclusion and promote long-term economic resilience.
The bank says empowering farmers with financial knowledge complements access to credit, enabling agricultural entrepreneurs to make informed investment decisions, manage risks and build sustainable enterprises capable of creating jobs and improving household incomes.
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