April 3

Seven Kenyan Agricultural Companies Receive Over $5 Million From US Agencies to Improve the Sector

A total of seven growing agricultural companies in Kenya have received, from a number of United States agencies, a grant of $5.1 million (Ksh 675.24m) to boost their operations towards improving the country’s food insecurity challenges.

The grant beneficiaries which include Regen ($1.2 million) – an organic fertiliser producer, Sunculture ($800,000) – which makes solar irrigation systems, iProcure ($1.2 million) – an agricultural procurement platform and Afrimac Nut Company ($450,000) – an exporter of locally processed macadamia nuts and oil are expected to use the funds in supporting access to agricultural inputs and production technologies.

Photo courtesy of C.Schubert.

Source: Farmers Review Africa (link opens in a new window)

Agriculture, Finance, Technology
agtech, food security, sustainable business