GrowthAfrica’s Sixth Accelerator Takes off with 13 Agribusinesses

After such a successful GrowthAfrica Agribusiness incubator in quarter one of 2014, we are thrilled to announce that 13 confirmed enterprises have joined our accelerator which kicked off on Friday 4th of July 2014.

Agriculture is the backbone of Kenya’s economy and provides livelihood, employment and generates income for over 75 % of the Kenyan population. The sector is among the key drivers envisaged to deliver the 10% annual economic growth stipulated in the Economic Pillar of Vision 2030. Currently, agriculture directly represents 26 percent of the gross domestic product (GDP) and another 25 percent indirectly through its linkages with manufacturing, distribution and service industries in Kenya.

However the growth of the agriculture sector is slowed down by huge challenges faced by small holder farmers, large businesses and key actors in the agriculture value chain that require sustainable solutions through scalable for profit enterprises.

The GrowthAfrica agribusiness accelerator has a particular focus on growing business operations  and scaling the social and financial impact of the thirteen enterprises. In the next 18 weeks, the start-up teams will get the chance to work experienced facilitators, peers, key industry players, and a carefully selected group of successful mentors and access to investors at the annual GrowthAfrica venture forum.

Apart from the 16 in house workshops at our hub on different aspects of the business, we will also host experienced professionals to share their expertise on topical issues to help the entrepreneurs grow their enterprises and scale to the next level.

” This is really an impressive cohort of Kenyan entrepreneurs building for profit enterprises solving challenges in different agriculture value chains across the country and East Africa,” said Patricia Jumi, the Managing Director of GrowthAfrica.