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Agri-enterprises in Kenya set to get financial support to grow their ventures

hybrid drier photo by KEMFRI solar

Hybrid drier. Photo by KEMFRI solar. Agri-enterprises in Kenya have a chance of growing themselves through financial support from funding institutions.

Self Help Africa, a leading international development charity with an expertise in small-scale farming and growing family-farm businesses, has invited duly registered agri-enterprises ¡n Kenya to apply for financial support in the second call for applications.

This second call will allocate approximately € 8,000,000 (over Sh9.27m) to agri-enterprises in financial support ranging between € 200,000 and € 750,000 to cover up to 50 per cent of their business proposal.

The balance must be financed from matching funds in the form of cash or cash equivalents, credit or equity from external financiers.

Eligible agri-enterprises can seek match funding in the form of credit financing from Equity Bank (Kenya) Limited.

The AgriFI Kenya Challenge Fund is a €18,000,000 initiative by the European Union to support productive and market-integrated smallholder agriculture through the provision of financial support to agri-enterprises.

The aim is to contribute to improvements in the capacity of smallholder farmers/pastoralists to practice environmentally sustainable and climate—smart agriculture as a business in inclusive value chains. The programme is funded by the European Union, co -funded by SlovakAid and is implemented in parallel with a European Investment Bank (EIB) facility provided to Equity Bank (Kenya) Limited. Self Help Africa and Imani Development Limited are the Fund Managers for the Challenge Fund.

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Eligibility criteria

The AgriFl Kenya Challenge Fund aims to support projects put forward by small and medium sized agri-enterprises with business models that are integrating smallholder farmers/pastoralists into value chains. Additional eligibility criteria for this call is available in the call guidelines that can be downloaded on www.agrifichallengefund.org

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How to apply and deadline

Complete concept notes must be submitted online via AfriCUBE.com in English language.

The deadline for the submission of concept notes is 31/07/2019 at 12.00 pm (noon) EAT (East African Time).

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Information sessions and webinars

To provide more information on this opportunity, Self Help Africa and partners will jointly hold 11 information sessions and two webinars.

The sessions will be held between 2nd and 17th July in Kilifi, Kwale, Machakos, Nyeri, Meru, Marsabit, Eldoret, Nakuru, Kisii, Kisumu and Kitale.

The webinars will be held on 16th and 23 July.

To participate in these sessions, register on www.agrifichallengefund.org

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