AgriFI Kenya Challenge Fund applications approved
The winners of the first AgriFI Kenya Challenge Fund (AKCF) funding round have been announced. The fund provides financial support to agri-enterprises to improve the capacity of smallholder farmers/pastoralists to practice environmentally sustainable and climate-smart agriculture as a business in inclusive value chains. Of the winning proposals, three were co-developed by Advance Consulting.
One of the approved applications concerns the development of the first ware potato mechanization and storage hub in Narok County. The project will serve 3,000 potato farmers with mechanization services and 500 farmers with storage and storage-based credit services on an annual basis. The other approved application regards a project in coastal Kenya to establish an inclusive coconut outgrower scheme, through which the company expects to improve the livelihoods of 5,500 smallholders. The third winning proposal concerns a project to build rural infrastructure and local capacity to provide 10,000 smallholder farmers with smart irrigation technology and knowhow to boost their productivity and climate change resilience.