Acumen Fund, Root Capital Announce Co-Investment in Ugandan Cotton Ginning Company

Benzinga (Jan. 18, 2011) | Acumen Fund and Root Capital today announced an investment in Gulu Agricultural Development Company (GADC), a for-profit cotton ginning company in Uganda. The $2.2 million co-investment, Acumen Fund’s first in Uganda, aims to help GADC rebuild the cotton industry in Northern Uganda and provide former refugees with critical support to regain their livelihoods…