
Lucy Jong’a
@lucyjonga
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Strategy | Global Corporate Finance | Group Consolidation | FPA | Growth & Scale | Operations Management | Impact Finance | Sustainability | Agric. | Renewables
Nairobi, Kenya
Joined August 2020
That’s great news for Agri-SMEs who should get a reliable supply of fresh raw materials aplenty. Sadly, not all of them are prepared to maximize this advantage. But here’s how you can:.
linkedin.com
The rainy season is well underway in East Africa – with Kenya in particular forecasting above-average rainfall through May. Farmers, never ones to let the season go to waste, are already harnessing...
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As such, multilateral agencies, governments, impact funds, and the private sector must join forces to advocate for and support ambitious #SMEs that aim for better production, nutrition, income generation, rural jobs creation and ultimately, improved quality of life for all.
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To truly make a difference, #ClimateFinance must embrace inclusivity by reaching out to the most vulnerable, including small-scale family farmers who bear the brunt of climate-related impacts.
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Despite this, there's a glaring gap in financing. The current flow of climate finance to #AgriSMEs falls drastically short, even as the need continues to escalate. This shortfall represents not just a concern but a significant missed opportunity.
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These enterprises offer a unique avenue to address the pressing issues related to #ClimateChange. Investing in them means taking the fight to the ravaging effects thereof – chief among them food insecurity and loss of income.
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Addressing this financing gap is a developmental imperative that aligns with the pursuit of up to 8 #UNSDGs. #ImpactFinance | #FundManagement.
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A glimmer of hope is emerging in #EastAfrica notwithstanding, as the region increasingly becomes the focal point for impact funds dedicated to reaching underserved farmers, agricultural cooperatives, and Agri-SMEs.
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On the flip side, #microfinance institutions typically cater to individuals or smaller entities, leaving Agri-SMEs stranded in what is commonly referred to as the "missing middle.".
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This financial barrier severely hinders the expansion potential of #AgriSMEs, impedes the growth of agriculture’s interconnected value chains and affects entire economies.
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A recent report by @reliefweb highlights a pressing issue. While a sure figure of the financing gap for Agri-SMEs is unavailable, it is estimated that Sub-Saharan Africa alone grapples with an annual deficit of approximately USD. 65 billion!.
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