The requirement
Phase 2: milling line, grading plant and silo storage
Jimukka is raising capital to complete the factory complex at Busoke-Kakoni: a maize milling system in a purpose-built warehouse, a cleaning, drying and grading line in a second warehouse, a bran and feeds store in a third, and six 1,500 MT silos so the mill can buy at harvest prices and run all year. The acre, the 100 kVA three-phase connection, the slabs and the first milling machines are already funded by the shareholders.
| Instrument sought | Equity, debt or blended finance |
|---|---|
| Total requirement | UGX 4.50bn |
| Shareholder capital already sunk | UGX 450m |
| To full commissioning | 18 months to full commissioning |
Figures are indicative and taken from the 2024 business plan. Current numbers are in the investment brief, sent on request.
Use of funds
Where the money goes.
Each line is a piece of plant, not a budget heading. Every one of them has a quotation behind it.
- 01Maize under cultivation1 acre owned
- 023-phase line, 100 kVAConnected
- 03Milling line warehouseSlab poured
- 04Cleaning, drying, gradingTo be built
- 05Bran and feeds storeSlab poured
- 06Silo storage, 9,000 MTTo be built
Projections
What the plant earns once it runs.
Built bottom-up from milling capacity, realistic utilisation in year one, and the maize buying prices we already pay in Luwero.
| Period | Utilisation | Volume | Revenue | Gross margin | EBITDA |
|---|---|---|---|---|---|
| Year 1 | 45% | 5400 MT | UGX 6.20bn | 22% | UGX 620m |
| Year 2 | 65% | 7800 MT | UGX 9.40bn | 25% | UGX 1.25bn |
| Year 3 | 80% | 9600 MT | UGX 12.10bn | 27% | UGX 1.90bn |
Projections, not guarantees. Assumptions and sensitivities are set out in the financial model.
Risk
What could go wrong, and what we do about it.
Grain businesses fail on price swings, moisture and working capital. These are the three we manage hardest.
Maize prices swing hard between harvest and hunger season
Silo storage is the answer to this, which is why it sits in the capital plan rather than a later phase. Buying at harvest and milling through the lean season is where the margin lives.
Moisture and aflatoxin in bought-in grain
Every load is tested for moisture before it is paid for, and drying and sealed storage are part of the plant rather than an afterthought. Grain that fails is rejected at the gate.
Working capital gets trapped in grain
The buying programme is sized against confirmed offtake, and a share of capacity is kept for contract milling, which is paid on delivery and uses no grain capital.
Power interruption stops the line
The site has its own 100 kVA three-phase connection. A standby generator is specified for the milling line at commissioning.
Competition from established millers
We compete on the freight leg, not on scale. A mill inside the growing area buys cheaper and delivers shorter than a Kampala plant serving the same district.
Key person concentration
The technical depth sits with one director today. Recruiting a plant manager and a quality officer is part of the commissioning budget.
Sequence
Eighteen months, in order.
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Land acquired and company registeredOne acre bought at Busoke-Kakoni and Jimukka Grain Milling Solutions Limited registered with URSB.2023
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Power connected and slabs pouredThree-phase line built with a 100 kVA transformer. Slabs for the milling and animal feeds warehouses finished.2024
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NEMA licence issuedEnvironmental licence granted for the site and the intended operations.2024
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Milling machines purchasedFirst milling machines bought locally and delivered to site.2025
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Trading licence and warehouse erectionTrading licence completed and the milling warehouse built over the existing slab.Q3 2026
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Milling line commissionedFull maize milling system installed, tested and running its first commercial batches.Q4 2026
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Cleaning, drying and grading plantSecond warehouse fitted out so grain can be cleaned, dried, graded and traded.Q1 2027
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Silo bank builtSix 1,500 MT silos erected, giving 9,000 MT of storage and year-round buying power.Q3 2027
Data room
Documents
Business plan 2024
The full plan, including market, operations and shareholder profiles.
Sent on request
Investment brief
A short summary of the raise, the use of funds and the returns.
Sent on request
Financial model
Volume, price and cost assumptions with sensitivities.
Sent on request
Certificate of registration and NEMA licence
Company registration and environmental licence.
Sent on request
Land title and site plan
Proof of ownership and the layout of the planned complex.
Sent on request
Equipment quotations
Supplier quotations behind each capital line.
Sent on request
Questions funders ask
Straight answers
What has already been spent?
The acre, the three-phase line and 100 kVA transformer, two finished warehouse slabs and the first milling machines were all funded by the shareholders.
Why silos before more milling capacity?
Because storage is what protects the margin. A mill that has to buy grain weekly at spot prices earns whatever the market leaves it.
What instrument are you looking for?
We are open to equity, asset finance against the plant, or blended structures. The equipment itself is good security.
Can we visit the site?
Yes, and we would rather you did. Bring your own engineer or agronomist.
Start a conversation
Tell us what you need to see.
We will send the investment brief and the financial model, and arrange a site visit at Busoke-Kakoni. Bring your own agronomist or engineer if you have one.
Busoke-Kakoni Centre, 5km off Zirobwe RoadLuwero District, Uganda
+256 700 000 000
info@jimukkagrainmillingsolutions.com