The LakeHub group in partnership with the German Growth Cooperation (GIZ) has launched a Sh.30 million empowerment program for youth and ladies engaged in agribusiness in Western Kenya.
The tech innovation hub primarily based in Kisumu city has invited eligible youth or girls led agribusiness enterprises within the poultry, groundnuts, ardour fruits and apiculture worth chains inside Bungoma, Kisumu, Siaya, Kakamega and Vihiga counties to use to participate in this system.
The initiative dubbed ‘Pepea Na Agribiz: Creating Wealth in Agribusiness’ is a youth capability constructing initiative geared toward enhancing meals safety, enabling worth addition, and creating sustainable jobs for youth and ladies within the rural areas.
It can tackle key challenges that hinder youth and ladies from exploring their full potential within the chosen worth chains.
LakeHub Packages Director Dorcas Owino on Wednesday stated this system would capacity-build youths and ladies in agriculture by offering alternatives like enterprise growth coaching, enterprise teaching, investor readiness, crowdfunding, and certification.
As well as, the 100 chosen beneficiaries will every obtain a seed grant award of Sh 300,000 to allow the ladies and youth to achieve the requisite abilities wanted to upscale their agribusinesses.
“We acknowledge that agriculture is not nearly digging within the soil, it’s also about leveraging know-how to enhance productiveness, improve effectivity, and revenue and speed up small and medium measurement agribusiness enterprises,” acknowledged Ms Owino.
She added that offering the fitting technical construction and monetary help would finally translate to extra favorable outcomes for ladies and youth within the sector, therefore, realizing meals safety, jobs and wealth creation.
In response to Purity Akoth from LakeHub, the agriculture sector employs over 40 % of Kenya’s complete inhabitants and greater than 70 % of the agricultural populace.
Akoth says that regardless of having quite a few financing alternatives from the banks, enterprise capital and micro-financing that helps agriculture, nonetheless many small-scale agripreneurs face stringent eligibility standards locking them out from monetary entry for growth.
By Robert Ojwang’