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Kenya secures $21 million from AfDB to support women and youth entrepreneurs in Agriculture – Copy

Key Developments

Kenya secures $21 million from AfDB to support women and youth entrepreneurs in Agriculture

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AfDB approves $21 million to support Kenyan youths and women entrepreneurs in agriculture.
 

The African Development Bank (AFDB) has approved a $21 million financing to support Kenyan youths and women entrepreneurs in agriculture. With agriculture being a crucial sector in the country, contributing to employment, food security, and economic growth, this funding is poised to make a meaningful impact. The approved financing package will provide financial resources, technical assistance, and capacity building to Kenyan youths and women involved in various agricultural value chains.

The ultimate goal is to enhance their productivity, competitiveness, and overall business operations, thus creating a more conducive environment for entrepreneurship in agriculture.

 

The AFDB aims to address critical challenges faced by young and women entrepreneurs in the agricultural sector through targeted interventions and initiatives. This includes access to finance, technical know-how, market linkages, and relevant training opportunities. By bridging these gaps, the AFDB strives to unlock the untapped potential within the agricultural industry and empower a new generation of agripreneurs. The financial support will be channeled towards diverse activities, including:

  • Providing loans and credit facilities to aspiring and existing youth and women entrepreneurs in agriculture.

  • Investing in innovative agribusiness start-ups and initiatives that have high growth potential.

  • Facilitating access to modern technologies, equipment, and machinery to enhance productivity and efficiency.

  • Delivering tailored training programs and mentorship to develop business skills and entrepreneurial acumen.

  •  Strengthening value chains and promoting market integration for agricultural products.

  • Promoting sustainable agricultural practices and climate resilience among entrepreneurs.

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SEACOM secures $207 million from IFC to boost digital connectivity in Africa

Key Developments

SEACOM secures $207 million from IFC to boost digital connectivity in Africa

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SEACOM LTD, one of the leading Pan-African data services providers, has secured $207 million in funding from the International Finance Corporation (IFC) to accelerate digital connectivity in seven African countries.

The funding will be utilized to expand and upgrade its submarine and terrestrial cable infrastructure across the African continent. The funding will also support deploying new fiber-optic networks and enhancing existing infrastructure, ensuring faster, more reliable, and affordable internet connectivity for businesses and consumers.

The seven countries set to benefit from SEACOM’s infrastructure development include Kenya, Tanzania, Mozambique, South Africa, Rwanda, Uganda, and Djibouti. These countries were selected due to their strategic geographic locations and potential to significantly impact regional digital transformation efforts. The investment aligns with SEACOM’s commitment to bridging the digital divide and promoting inclusive growth in Africa.

The project aims to unlock opportunities in various sectors, including e-commerce, telecommunication services, healthcare, education, and finance, by bolstering digital connectivity. Improved internet access will enable businesses to expand operations, drive innovation, and enhance productivity.

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Dr. Ibrahim Mayaki 

Dr. Ibrahim Mayaki

Dr. Mayaki is the former CEO of the African Union Development Agency-NEPAD (AUDA-NEPAD), whose contributions to African development are impacting the continent.

With a profound international development and governance background, Dr. Mayaki brought a wealth of knowledge and expertise to his role. As the CEO of AUDA-NEPAD, he played a pivotal role in driving sustainable development initiatives across Africa. Under his leadership, AUDA-NEPAD has become a beacon of hope, channeling efforts towards crucial priority areas such as agriculture and food security, infrastructure development, education, health, and women empowerment.

By collaborating with African governments, regional economic communities, development partners, and the private sector, AUDA-NEPAD has spearheaded transformative projects that empower communities and pave the way for a brighter future.
Dr. Mayaki’s strategic vision and dedication to sustainable development have earned him widespread respect and admiration. His ability to foster strong partnerships and collaborations has been instrumental in accelerating progress and achieving tangible results.

Beyond his professional accomplishments, Dr. Mayaki’s passion for Africa and its people shines through.
He is a staunch advocate for inclusive growth, social justice, and the empowerment of marginalized communities. He is currently serving as the Special Envoy for Food System at the African Union.

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Niama El Bassunie

Niama El Bassunie

Niama is a Moroccan startup founder, investor and advisor in technology companies in Africa and beyond.

She is the Founder of WaystoCap, a premier B2B marketplace in Africa on a mission to solve the inefficient continental supply chain by bringing: payments, logistics, and distribution into one online platform.

Now acquired, WaystoCap is one of the first North African companies to be accepted into Y Combinator in 2016.
Niama is also the Managing Partner at The Baobab Network, an accelerator investing in early-stage technology companies across Africa. At the Baobab Network, she is backing founders leveraging technology to solve some of the continent’s most significant challenges today.

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Dr. Hubert Danso

Dr. Hubert Danso

Danso is a prominent figure in infrastructure development and investment in Africa.

He is the CEO and Chairman of Africa investor, a leading investment and advisory firm focused on driving sustainable development and economic growth in Africa. Dr Danso has extensive experience in infrastructure finance and development, with a particular emphasis on sectors such as energy, transportation, telecommunications, and real estate. He has been vital in facilitating major infrastructure projects across the continent, working closely with governments, multilateral institutions, and private sector entities.

As a recognized thought leader and advocate for Africa’s economic transformation, Dr Danso has actively promoted investment opportunities and fostered partnerships to unlock Africa’s potential.
He is a frequent speaker at international conferences and forums, sharing his insights and expertise on infrastructure development, investment strategies, and the African business landscape.

In addition to his role at Africa Investment Group, Dr Danso is also the Founder and Chairman of the African Energy Chamber, an organization that represents the interests of the African energy sector and works towards promoting investment and sustainable development in the industry.
Dr Hubert Danso’s contributions to infrastructure development and investment in Africa have earned him recognition and accolades.

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Dr Omolola Salako

Dr Omolola Salako

Dr Omolola is an experienced oncologist with a demonstrated public and private healthcare history and a social entrepreneur.

 

She is the Founder of Sebeccly Cancer NGO, a not-for-profit that conducts cancer prevention programs. She is also the Founder of Oncopadi Digital Clinic, a tech-enabled platform that connects and empowers people concerned about cancer.

Dr Omolola has emerged as a leading voice in Nigeria’s fight against cancer.
Her commitment to improving cancer care services and raising awareness about the disease has garnered admiration and recognition both locally and globally. With her expertise and passion, she has been instrumental in transforming the landscape of cancer care in Nigeria and beyond.

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Andile Ngcaba

Andile Ngcaba

Andile Ngcaba is a South African businessman and technology entrepreneur known for his contributions to the telecommunications industry in Africa.

 

Ngcaba has held various prominent positions in both the public and private sectors. In the early 1990s, he played a significant role in transforming the South African telecommunications industry while serving as the Deputy Director-General of the South African Department of Communications.

He is the founder and Executive Chairman of Convergence Partners, an investment management firm focused on Africa’s technology, media, and telecommunications sectors.
The company aims to support the growth of infrastructure, connectivity, and digital services across the continent.

He has also been involved in various other technology-related ventures and initiatives, including serving as the Council for Scientific and Industrial Research (CSIR) Chairman and the South African Technology Network.
Ngcaba has made significant contributions to the development of technology and telecommunications in Africa, and his expertise and leadership have positioned him as a prominent figure in the industry.

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Teddy Mpinganzima Mugabo

Teddy Mpinganzima Mugabo

Teddy is a remarkable individual who has dedicated her life to promoting environmental sustainability and spearheading transformative initiatives in Rwanda.

With her passion, expertise, and leadership, she has emerged as a true champion for a greener, more sustainable future. As the Chief Executive Officer of Rwanda Green Fund (FONERWA), Teddy has driven the country’s environmental agenda forward. FONERWA, under Teddy’s guidance, has become a catalyst for change, supporting projects and initiatives aimed at mitigating climate change, enhancing environmental resilience, and fostering sustainable development across Rwanda. Her commitment to the cause of sustainability is evident in her accomplishments and the impact she has made.

Through FONERWA, she has mobilized financial resources, enabling the implementation of numerous groundbreaking projects that address pressing environmental challenges while uplifting local communities. FONERWA has supported initiatives ranging from renewable energy projects, waste management and recycling programs, afforestation and reforestation efforts to sustainable agriculture practices. These initiatives have contributed to mitigating climate change, generating employment opportunities, improving livelihoods, and creating a more sustainable and resilient Rwanda. Teddy’s visionary approach to sustainability has garnered international recognition, with her work being highlighted by prestigious institutions like Yale University. Beyond her professional accomplishments, Teddy is an inspiring role model for aspiring environmentalists and changemakers.

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