News and knowhow for farmers

US African Development Foundation opens 2021 agricultural grant application 

United States African Development Foundation

By George Munene

The United States African Development Foundation (USADF) has partnered with the Stanbic Kenya Foundation (SKF) to offer Sh1.07 billion worth of grants in 2021 to Kenyan Micro, Small, and Medium Enterprises (MSMEs), cooperatives, and producer groups. These businesses will need to be in the sectors of agriculture, agribusiness, manufacturing, health, trade, and services.

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Applicants are eligible for a maximum award of Sh 5.4 million and need to be registered private businesses operating in Kenya. 

For the SMEs to be considered they will also need to show that they are wholly African-owned and managed. Further, they should be a legally registered entity in Kenya, with basic functional management and financial controls for at least two years, with a banking history of no less than 12 months.

The grant is meant to help these businesses address gaps in their internal systems, ensuring they have sufficient capabilities to meet commercial investor requirements. It is thus required that applicants have previously applied for commercial investment and had their applications denied due to internal systems and capability gaps.

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Eligible applicants need to contribute at least half of the cost of addressing the identified problem. and have a clearly defined market opportunity they are seeking to fill that will grow their revenue.

Applications need to have filled this application and emailed it to no later than midnight July 22, 2021. 

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