Be part of the AgriFI Kenya Challenge Fund.

The AgriFI Kenya Challenge Fund is a European Union initiative to support productive and market-integrated smallholder agriculture through the provision of financial support worth EUR 18,000,000 to agri-enterprises. The aim is to contribute to improvements in the capacity of smallholder farmers/pastoralists to practise environmentally sustainable and climate-smart agriculture as a business in inclusive value chains. The Challenge Fund is funded by the European Union and co-funded by SlovakAid and is implemented in parallel with a planned European Investment Bank (EIB) facility provided to local banks.

The AgriFI Kenya Challenge Fund is looking to award an indicative amount of EUR 18,000,000 to agri-enterprises as financial support. The funds will be allocated through three (3) separate calls for proposals. This second call will allocate up to approximately EUR 8,000,000.

The Challenge Fund will award financial support to cover a maximum of 50% of the total value of the proposal. The balance (i.e. the difference between the total cost of the proposal and the amount requested as financial support) must be financed from matching funds in the form of cash/cash equivalents, credit or equity from external financiers. In cases where applications are made by consortia the match fund contributions can be provided by any of the consortia members.

The minimum duration of the financial support will be 24 months while the maximum will be 36 months from the signature date of the contract. During this period the financial support funds will be disbursed based on a negotiated milestone structure. 

Participate in this amazing call now!!!!