Two Kenyan secure game-changing agricultural investments
Two of Kenya’s most progressive women-led aquaculture companies – Rio Fish and Great Lakes Feeds – have each received KES 56,000,000 ($384,000) grants this year, in a bid to advance the economic empowerment of women in Kenya’s growing blue economy.
The grants were awarded by the Investing in Women in the Blue Economy in Kenya (IIW-BEK) programme run by the African Enterprise Challenge Fund (AECF), which is on a mission to empower women and address gender disparities within Kenya’s blue economy. With a keen focus on promoting women’s economic participation, this initiative targets 110 women-owned enterprises across various sectors within the blue economy, fostering job creation and entrepreneurial success.
“The programme seeks to create 1,490 direct jobs, benefit 1,560 women entrepreneurs, their employees, suppliers, and producers in sectors related to the blue economy. We focus on key areas including fisheries, aquaculture, renewable energy, waste management and biodiversity protection. The programme aims to provide funding, technical support and business development opportunities to women entrepreneurs, thus enabling equal access to opportunities,” said Solomon Onyata, communications manager at AECF.
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