African Farmers to Reap Big as Global Fund Targets $250m in Agribusiness Deals – Article in Kenyan Wall Street

Kenyan farmers and entrepreneurs could soon benefit from a wave of fresh capital after a global impact fund announced plans to pump billions of shillings into agribusiness and manufacturing across Africa.

The Global Supply Chain Support Fund, backed by German lender KfW and Japan’s JICA, is eyeing investments worth $250 million (Sh37 billion) across three key regions — East Africa, West Africa and North Africa. Kenya, Nigeria and Egypt are expected to be at the heart of these deals.

The fund’s latest investment was a loan to Horizon Group, a spice processor operating in Tanzania, Madagascar and Nigeria. Horizon already works with 3,000 smallholder farmers and plans to grow that number to 10,000 within five years, while also expanding factory jobs from 150 today to as many as 500.

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