The Hub's accomplishments in Kenya to Date:
- To date the Hub has supported 294 firms and associations to increase their export competitiveness
- 81 firms have been supported to participate in various trade shows resulting in 615 business linkages
- Hub facilitated AGOA exports as at June 30 2017 stood at $125,817,038
- Exports to other market destinations as a result of Hub support are $86,180
- 3,464 new full time equivalent (FTE) jobs have been created, 73% of which are for women
- Facilitated $30,633,968 new private sector investments in the ag and non ag sector
- Supported successful ratification of the SPS Protocol
- Advocated for the review of the Companies Act to conform with the provisions of the EAC Common Market Protocol
- Supported successful implementation of ePing electronic alert system
- Supported the adoption of a notification submission systems for technical barriers to trade (TBT) sanitary and phytosanitary measures (SPS)
- Supported use of ISOlutions which allows Kenya to effectively participate in international standardization process
USAID grant signed to create 2,000 new jobs for youth in the apparel industry
Signed a new grant with Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative. Working hand-in-hand with Kenya’s Ministry of Industry, Trade and Cooperatives, the Kenya Association of Manufacturers and apparel companies, the program will set up and equip seven training centers throughout Kenya, provide over 100,000 hours in skills development and train 2,000 Kenyan youth, preparing them for full-time sewing machine operator jobs in the industry. The grant is a part of the Hub’s larger “East Africa Cotton, Textile and Apparel Workforce Development Initiative,” a collaboration between the Hub and the American Apparel and Footwear Association that will ensure U.S. brands and retailers’ goods are manufactured in accordance with best business practices and operations in East Africa, producing a win-win for trading partners.
Kenyan woman-owned home-décor company enters mainstream U.S. market
Supported a Kenyan home decor producer to ship her largest-to-date U.S. order. Valued at $200,000, the deal is as a result of the Hub-organized Cost Plus World Market Trade Mission. (see success story at the end of this report) The profit from this order will go to the nearly 400 artisans who contributed to each hand-carved piece and will help finance her next big export to the U.S., which shouldn’t be far off given her now proven capacity for high-volume supply.
Read more here
The Hub supports increased investments in the upcoming Kenya Leather Park
On June 30, the Hub’s leather advisor completed his contract, during which he facilitated $9 million in total investment commitments for the upcoming Kenya Leather Park and a trade deal between Bata Shoes Kenya, Kenya Defense Forces and the Kenya Prisons Services to supply a total of $1.9 million in new sales of officer’s boots and shoes. Also in the leather sector, the Hub supported an India-based ‘trainer of trainers’ session that provided new eco-friendly technologies for best practices in leather finishing and production for five Kenyan tanneries and leather companies.
The Hub facilitates $36M new private sector investments
The Hub has facilitated $30,633,968 new private sector investments in the ag and non ag sector in Kenya. The Hub offers transaction support services. Eligible investors include private equity funds, commercial banks, impact funds, and development finance institutions. The Hub’s transaction team acts as a neutral intermediary to provide: opportunity validation market intelligence, fundraising support, due diligence, deal structuring, financial analysis and modelling.
The Hub has helped financially close $51m of investments over the life of the project, $33.9 million in the agricultural and food chain sector and $17.4 million in the non-ag sector. There are $165 million of deals under review in the Hub’s investment pipeline. Over
Product development excellence training for SMEs
Facilitated training on product development excellence for selected SMEs in the sector, in collaboration with Kenya Leather Development Council (KLDC). The training covered a wide range of topics in product development, including: product development planning, product development process, managing cross-functional teams and how to generate superior value products.
Helped leather enterprises develop innovative products that can compete globally, with a focus on company owners and senior management – those who can implement the concepts on which they were trained.
Trade and export facilitation through “Buy Kenya Build Kenya” strategy
Facilitated Kenya’s leading player in the formal footwear sector and the largest buyer of raw leather, Bata Kenya, to access opportunities for supplying Kenya Defense Forces with military boots and shoes.
Linked Bata Kenya to SMEs who have since started sourcing specialized finished leather for manufacture of leather goods, resulting in approximately $1.9 million in new sales.
Introduced MAS Tannery, a company established in 2004 that specializes in tanning (wet blue), to new markets in Turkey, India and Egypt. This allowed the company to increase exports to new clients by approximately $500,000 per month.
Investor mobilization for the Kenya Leather Park
Supported Kenya’s Ministry of Agriculture to purchase 50,000 MT of maize from Ethiopia for the Kenyan Strategic Grain Reserve, bringing the total maize trade facilitated by the Hub between Ethiopia and the East African region to $100 million in the current season.
Related Blogs and Resources
Published on February 02, 2017
Pius Mitei, a small-scale farmer in Rift Valley, tried his hand at agribusiness in 2015 for the first time. He bought 200 chickens, but lack of quality inputs and limited knowledge of the poultry business saw him record losses.
Short of new capital to inject into the venture, he abandoned it and took up an informal job in the transport industry.Then mid last year he came across FarmDrive, a local IT firm driving the financial inclusion agenda for farmers.
He sat through a training session conducted by the firm at Kampi ya Moto and got to learn how to access credit to start off his poultry venture afresh. After signing up with FarmDrive, Mitei got his first loan the same month, enabling him to buy new stock and feeds. Read more. Source | Daily Nation
Published on January 31, 2017
A Kenyan fresh-produce exporter is among six Africa-based businesses set to battle it out for the Africa Finance and Investment Forum (AFIF) Entrepreneurship Award 2017 in Nairobi next week.
EuroFresh Exotics, a company that exports fresh fruits and vegetables, was nominated based on its potential for growth and job creation as well as for its social, economic and ecological impact.
The firm exports mainly snow peas, sugar snaps, passion fruits, avocados, French beans and bird’s-eye chillies. Read more. Source | Business Daily
Published on January 27, 2017
The City of Johannesburg is raring to host the upcoming Global Entrepreneurship Congress (GEC 2017), which will be held at the Sandton Convention Centre from 13–16 March 2017. The GEC, which is the largest gathering of entrepreneurs, investors, researchers and policymakers, is being held on the African continent for the first time.
With a few weeks remaining before the official opening, a South African delegation is journeying to Nairobi, Kenya, in an effort to raise awareness as well as drive participation from the Kenyan community for GEC 2017.
The delegation has partnered with WECREATE Kenya and the Global Entrepreneurship Network (GEN) Kenya to meet with a variety of key stakeholders and entrepreneurs in Nairobi from 25–26 January. WECREATE serves as an entrepreneurial community center for women interested in starting or expanding an existing business. The Center provides mentoring, business connections, specialized training, connections to the community, media attention, access to markets and capital, along with the technical tools and resources necessary for taking any business to the next level. Read more. Source | Kenya Buzz
Published on January 27, 2017
Kenya is Africa’s second country in attracting investment funding for tech startups in 2016 according to a new report.
The report indicates that 26 Kenyan tech startups raised funding of about $10 million over passing Nigeria putting the country 2nd behind South Africa a 50 percent shoot from the previous year.This was up almost 50 per cent on previous year.
The overall amount for Kenya’s startup funding however went down by 80 per cent to about $80 million.
According to the report by Disrupt Africa, South Africa, Nigeria and Kenya shared the lion’s share of funding in 2016.The three countries shared 80 percent of the $129 million total funding that flowed to 146 startups in the continent representing a 17 percent increase from 2015. Read more. Source | The Exchange
Published on January 26, 2017
Jay Empire Enterprises was founded in 2009. We are dedicated to producing high quality denim bags for all purposes to meet our customers needs. We seek to define style and fashion through bags, affording our clients freedom through style and elegance with our vast range of designs.
Published on January 24, 2017
Nairobi is hosting a post-harvest conference in March, an event that is expected to benefit Kenyan farmers keen on lowering losses running into millions of shillings due to mis-handling of crops.
The three-day All Africa Postharvest Congress and Exhibition starting March 28, will be hosted by the University of Nairobi in partnership with a consortium of Kenyan universities, research organisations, the Ministry of Agriculture and the World Food Preservation Centre (WFPC).
Themed Reducing Food Losses and Waste: Sustainable Solutions for Africa, the meeting targets defining solutions to reverse the trend where an estimated 30 per cent or 1.3 billion metric tonnes of food produced for human consumption is lost or wasted along the supply chain. Read more. Source | Business Daily
Published on January 24, 2017
Our future fortunes are in the hands of our farmers and the food industry. Three out of every four Kenyans work in some aspect of agriculture and food production and economic growth in agriculture is 11 times more effective at reducing poverty than growth in any other sector.
The importance of agriculture for Kenya and for all of Africa is now widely acknowledged and a new wave of support is rising in both the public and private sector, and among development partners and donors.
For example, at last year’s AGRF, the African Development Bank pledged $24 billion over the next 10 years for agribusiness projects in Africa. Read more. Source | Business Daily
Published on January 20, 2017
Eleleck was founded in 2015 and produces luxury-handcrafted goods in Kenya through supporting local artisans. The main products in our range are leather and recycled brass jewellery. The leather is locally sourced from the leading tanneries in Kenya. We believe in ethical and sustainable production and this means we pay our artisans’ competitive wages and use up-cycled brass to lessen our environmental footprint. Eleleck is all about contemporary, elegant and functional designs that best showcase the beautiful world of Africa.
Find out more about Eleleck in this video :https://www.youtube.com/watch?v=jzxbjy772VM