Kenyan youth and women-led agribusinesses have been awarded an opportunity to access Sh10 million as an investment for their companies through the FoodTech Africa accelerator. The accelerator is inviting post revenue level agribusinesses in Kenya to apply for the program to meet the growing demand and challenge of food security in the country. The investment comes at a time when a recent report by the Kenya Food Security 2019 Steering Group revealed that, approximately 1.3 million people in Kenya are currently facing a crisis or worse levels of acute food insecurity, which has been further exacerbated by Covid-19. SEE ALSO: Russia becomes first country to approve a Covid-19 vaccine“We are grateful to GIZ Make-IT in Africa for appointing this project to Pangea and Strathmore University to drive food security in Africa through the FoodTech Africa program. Additionally, the accelerator’s recent webinar, where entrepreneurs in agriculture had one-on-one interactions with agri-focused investors, made it apparent that there is significant interest and support in the sector particularly for agri-based enterprises looking to expand.

Source: Standard Digital August 12, 2020 09:26 UTC