kenya Investment mechanism
CALL FOR SME's fOR ADVISORY & FUNDING SUPPORT
AfriFoods Limited is seeking applications from SME’s that need advisory services and funding.
We are targeting enterprises in the following sectors.
2. Clean Energy
3. Water Sanitation & Hygiene (Wash)
4. Women owned enterprises where female ownership is atleast 51%
5. Enterprises that trade within the East African Region.
6. Enterprises that trade within the U.S Government.
About The Project
The Feed the Future – Kenya Investment Mechanism (KIM) is a five-year USAID project expiring August 2023 that will address two principal market failures:
- Insufficient quality consulting services (financial, transaction advisory, strategy and business performance) for agribusiness and small and medium enterprises (SMEs) seeking finance and investment and
- Limited scalability of financial products to support agribusinesses and SMEs.
To address these market failures, the project is co-creating a sustainable, market-based ecosystem of Business Advisory Service Providers and Financial Institutions to mobilize capital into these sectors. This project has subcontracted several Business Advisory Service Providers (BASPs), of which Afrifoods is one of the successful bidders.
Concurrently, KIM will lead policy reform efforts focused on removing barriers currently inhibiting large-scale investment into the target sectors, thereby unlocking further investment opportunities. The two objectives of KIM will result in an investment platform that mobilizes substantial capital from the public and private sectors and build partnerships between stakeholders in the financial ecosystem within Kenya, ultimately contributing to USAID’s overall goal of fostering broad-based, sustained and inclusive economic growth in Kenya. For more details visit; www.usaid.gov/Kenya investment mechanism.
Sector and Geographic scope of the assignment
The project focuses on Dairy, Livestock and Horticulture value chains.
Examples of value chain actors eligible for support include input dealers, producers, processors, aggregators, storage providers, traders, retailers, exporters, agriculture logistics firms, and technology providers. Horticulture includes mango, passion fruit, banana, avocado, pineapples, sweet potato and African leafy vegetables only
Counties of focus
Approved enterprises must be located within or must work with suppliers/producers that are located within, the 17 feed the Future counties in Kenya: Homabay, Migori, Kisii, Kisumu, Siaya, Kakamega, Bungoma, Busia, Vihiga, Kitui, Makueni, Taita Taveta, Isiolo, Marsabit, Turkana, Garissa and Wajir.
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