Kenya Allocates KSh2.2 Billion for Youth Agribusiness Lending

On 5 November, Agriculture Cabinet Secretary Mutahi Kagwe announced that KSh2.2 billion under the ENABLE Youth programme would be earmarked for on-lending to young entrepreneurs through SACCOs. Participating financial institutions have also committed to mobilising an additional KSh60 billion for young people and women through risk-sharing arrangements. The KSh2.2 billion is a planned lending allocation, not a grant to individual startups. The initiative creates opportunities for agritech startups, young entrepreneurs, SACCOs and business accelerators. HPC can support funding research, business-plan development and investor connections.