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Youth, women agribusinesses set to receive Sh5.1bn funding

admin2020-06-09T09:50:52+00:00
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At least 2,400 youth and women led agribusinesses will benefit from Sh5.1 billion funding from the European Union and partners.

The AgriBiz programme, which will be implemented by the Kenya Climate Innovation Centre (KCIC), seeks to address challenges that youth and women face in agriculture.

Beneficiaries will receive training, business advisories, mentorship and financing (grants, loans or both) to support and grow their business ideas.

EU Ambassador Simon Mordue urged EU partners to support Kenyan farmers and entrepreneurs through digital technologies.

“We know there are many youth and women with excellent business ideas in Kenya, and we are happy that KCIC has found a way to bring technical and financial assistance to them, despite the current lockdown. This is a vital injection of life for the Kenyan economy and food security,” Mr Murdoe said.

The funding is from the EU, Denmark (Danida) and the African Development Bank (AfDB).

The programme is set to benefit the countrys economy and rural livelihoods.

“The enterprises will create 17,000 job opportunities along agricultural value chains and will increase smallholder production and household incomes thus ensuring the country’s food security,” Ambassador Murdoe said.

It will be rolled out in eight counties of Kilifi, Machakos, Kiambu, Meru, Isiolo, Kisii, Bungoma and Uasin Gishu.

However, the outbreak of the coronavirus has slowed down the programme. The EU, Belgium, Sweden, France and the Netherlands gave Kenya Sh2.4 billion to boost food security last month.

This comes as thousands face starvation due to recent flooding and locust invasions. The outbreak of the pandemic has exacerbated the situation.

Source : www.businessdailyafrica.com

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© Copyright 2019. All Rights Reserved.
17-19 November 2020 | Kenyatta International Convention Centre (KICC)
  • Home
  • Exhibitors
    • About Africa Food Show 2020
    • Show Profile
    • Hosted Buyers Program
    • Exhibitor Registration
  • Visitors
    • Venue
    • Visitor Profile
    • Visitor Registration
  • About Africa
    • Business Opportunities
  • About Us
  • Contact Us
  • Partners & Media
  • Press
    • Industry News
    • Press Articles
    • Gallery
    • Reports
  • Book Your
    Stand Now
  • VIRTUAL SHOW

Recent Posts

China (Taizhou) Agricultural Digital Expo
XIAN Brand Digital Expo
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PE fund to invest Sh535m in Kenya agribusiness SMEs
AFRICA FOOD SHOW & ZHEIJANAfrica Food Show & Zhejiang Online Export Trade Fair make their VIRTUAL debut from Monday July 20 – Friday 24 July for five fabulous days, packed with the latest products and trends, thought leadership and insightful talks from a line-up of industry movers and shakers. Dubai, 20th July 2020: The official opening of Africa’s largest and most comprehensive VIRTUAL B2B food show since the global COVID-19 crisis – Africa Food Show Virtual Exhibition (AFS VE) co-located with Zhejiang Online Export Trade Fair – kicked off today. The 5-day show – which has the full backing of the Department of Commerce of Zhejiang Province and Zhejiang International Trade & Exhibition Co., Ltd – will play host to some of the most cutting-edge trends in food & agriculture and showcase ground-breaking new products and technologies that are set to help businesses thrive for the next decade. The global pandemic has put extraordinary pressure on businesses in the food sector to survive. There’s therefore a need to develop solutions that will keep agriculture safely running as an essential business, markets well supplied in affordable and nutritious food, and buyers still able to access and purchase food products and technology despite global trade restrictions and obstacles in logistics. Mr. David Wang, Founder and Chairman of MIE Group “I look forward to the work ahead,” MIE Group Board Chairman Mr. David Wang remarked, “We are a resilient, innovative organisation and we are dedicated to developing platforms and services that will strengthen global food trade. AFS VE is the timely solution we have designed to help food manufacturers, buyers, distributors and suppliers recover from the impact of COVID-19.” While the number of confirmed COVID-19 cases in Africa so far pales in comparison to other key markets, the disruption in supply chains is already evident in the food sector. The price of fertilizers has soared as farmers struggle to find more reasonably priced alternatives. Food processing companies are wondering how and where to get replacement parts for their production lines. Furthermore, some of the biggest exporters in the world have reduced their exports because they fear food shortage in their own countries. MIE Group’s Vice President of Sales & Marketing, Fadi Kaddoura said, “We understand the significance of this supply chain problem and in order to overcome it, we have meticulously gathered over 150 leading companies in the food industry from more than 14 countries in order to give you the opportunity to reconnect with your suppliers and continue doing business.” Dr. Nevine Gamaa, Minister of Industry & Trade, Egypt “We want to consider the Coronavirus pandemic as an opportunity, rather than an ordeal, and we have observed that despite it, we can actually continue to open up new markets,” observed Dr. Nevine Gamaa, Egypt’s Minister for Industry & Trade. “We hope that this exhibition will be the start of other similar exhibitions because this pandemic has compelled us to digitize rapidly and deploy the use of communication technology in our meetings and conferences.” Other high profile speakers that shared their astute market insights during the opening ceremony include: Mr. Dan Halstrom – President & CEO, US Meat Export Federation (USMEF), USA Mr. Anthony Muriithi – Director General, Agriculture and Food Authority, Kenya Mr. Yu Guibing – Director, Ziyang Municipal Bureau of Commerce, China Ms. Wairimu Mbarire – CEO, Retail Traders Association of Kenya Mr. Naji El Haddad – Regional Manager, UFI Mr. Isabirye Farouk Lubanga – Board Chairman, Busoga Grain Traders Company, Uganda Ms. Wairimu Mbarire, CEO, Retail Traders Association of Kenya “We are a powerful, united retail voice; and we drive and shape the retail agenda while making sure business owners and their priorities are represented,” emphasized Ms. Wairimu Mbarire, the CEO, Retail Traders Association of Kenya. “For me to see so many businesses in the food and beverage sector keen on doing business with Kenya is overwhelming. It is a show that our retail sector continues to grow as we proceed into the future.” AFS VE will keep the global food supply chain alive by connecting thousands of buyers, global manufacturers and suppliers through an exclusive virtual B2B environment equipped with advanced video conferencing capabilities. Beyond business, the platform will also drive thought leadership through its dedicated virtual conferences, live keynote presentations, moderated panel discussions and exclusive webinars. To see more of what’s on offer at the show, visitors can go to: www.globaltradeweek.com/afsG ONLINE EXPORT TRADE FAIR MAKE THEIR VIRTUAL DEBUT!
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