Kenya’s government announced the creation of an investment fund worth KSh2.2 billion (about $20 million) to finance youth-led agribusiness projects. This will be conducted by the Agriculture Ministry as part of a program co-funded by the African Development Bank (AfDB).
Youths who are engaged in agribusiness and related value chains will be inserted in incubation centers where they will benefit from coaching and mentoring support. Subsequently, loans and guarantees will be allocated to them to finance their businesses. Financial support will range from KSh500 million to KSh5 billion, with low-interest rates.
Through this initiative, the Kenyan government hopes to train 10,000 agricultural entrepreneurs and create opportunities for nearly 50,000 young people in the agricultural value chain. The goal is to involve them in the agricultural sector where their participation remains low.
Chamberline Moko
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
The UAE pledged $500m to a UN humanitarian fund for Sudan at a donor meeting The United States announced an additional $200m...
USTHB and Transylvania University signed a cooperation agreement in Algiers The partnership targets joint programs, academic exchanges, and research...
The Vision 2060 roadmap places digital technology among key growth drivers The strategy prioritizes AI, digital inclusion, and...
Morocco opened a continental training school for robotic surgery in Casablanca through the Mohammed VI Foundation for Science and Health. The...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...