Category Archives: Agriculture

Idea Exchange: Food, Fellowship, Counties, Army Worm, Film, Sports, AI, Oil Opportunities

New, and ongoing, opportunities to apply for.

UNCTAD: United Nations Conference on Trade and Development, jointly with Jack Ma, founder and executive chairman of the Alibaba Group, have the eFounders Initiative aims to help bridge the digital divide faced by young entrepreneurs in developing countries and allow them to grasp the opportunities of e-commerce ecosystems.  This capacity building programme to empower 1, 000 e-commerce entrepreneurs from developing countries over a period of five years to become catalysts and the next course will focus on African entrepreneurs from Algeria, Egypt, Kenya, Morocco, Namibia, Nigeria, Rwanda, South Africa and Uganda and will take place at the campus of the Alibaba Business School in Hangzhou, China from 19 to 29 June 2018. Application Deadline: 4 May 2018
Earth Journalism Network: Climate Change Media Partnership 2018 Reporting Fellowships Apply to report from both the Global Climate Action Summit in San Francisco and the UN Climate Negotiations in Katowice, Poland.

The Africa Food Prize is the preeminent award for recognizing the extraordinary individual or institution whose contributions to African agriculture are forging a new era of sustainable food security and economic opportunity for all Africans.  The deadline for nominations for the USD 100,000 prize is Tuesday 15 May and the 2018 winner will be unveiled at a high-profile gala dinner at the African Green Revolution Forum (AGRF) 2018 this September in Kigali, Rwanda.

African Food Security Prize Launched to Stop Devastating Crop Pest: Feed the Future, supported by Land O’Lakes International Development and the Foundation for Food and Agriculture Research, has opened its call for applications for the Fall Armyworm Tech Prize that offers to fund up to $400,000 in digital solutions that aim to help stop the spread of fall armyworm in Africa-a pest that is devastating agriculture and demolishing billions of dollars’ worth of crops across the continent. The application deadline is 14 May 2018 and applications may involve a range of digital solutions and must demonstrate how the proposed tool(s) will help smallholder farmers and those that reach them, such as extension agents, monitor, identify, treat or report the incidence of fall armyworm.

Africa Innovation Summit II: A call for application has been launched across Africa for innovations addressing the continent’s challenges – which include energy access, water, food insecurity, health systems, and governance. Applications close on 15 April.

The 2018 African Union Research Grant offers up to $9 million of funding. The deadline for applications is May 22 The call supports research on food, nutrition security and sustainable agriculture (FNSSA).

Andela Kenya, Uganda, Nigeria Fellowships:  The recruitment Schedule for Andela Kenya fellowship cycle 29, and Andela Nigeria, cycle 33 deadline is May, while for the Andela Uganda fellowship cycle 9 and boot camp, the deadline is April 27.

Anzisha Prize: Aims to find a young entrepreneur who is making a difference in their community,  aged 15- 22 so that they can have the chance to win a shared amount of US$100 000 and become an Anzisha fellow. The deadline is 15 April.

Asoko, in a new collaboration with the London Stock Exchange Group, PwC and CDC Group is seeking Africa’s leading private companies – companies to Inspire Africa for a leading report showcasing Africa’s 1,000 most dynamic private, high-growth companies. Deadline is June 11.

BAKE Awards 2018: The nominees of the Bloggers Association of Kenya (BAKE) Awards 2018, that recognizes and awards the best in Kenyan blogging have been announced  in categories including Technology, Photography, Creative Writing, Best Business Blog, Food , Environmental , Fashion & Style, Agricultural, Best New Blog, Corporate Blog, Sports, Entertainment, Education, Travel, Public Health, County Blog, Religious or Spirituality , Lifestyle, Beauty & Hair, Best Video Blog (Vlog), Social Issues & Active Citizenship, and Kenyan Blog of the Year. Voting for the winners is now on, up to 30 April.

The BMCE Bank of Africa – African Entrepreneurship Award 2018 has $1 million of prizes and a trip to Morocco for entries in categories of innovation or sports entrepreneurship. Deadline is  April 30, and more details here.

Chatham House invite applicants for the Academy Africa Fellowship in the Queen Elizabeth II Academy for Leadership in International Affairs in research topics for 2018-19 of
new technologies and their impact on international security (with a focus on artificial intelligence or space), the geo-economics of technology, climate-resilient development ( managing energy transition in a low-income context) and the rising burden of non-communicable diseases (NCD’s) in Africa. The deadline for applications is 29 April.

DEMO Africa 2018: DEMO Africa is a launch pad for emerging technology and trends, attracting over 2000 people from around the globe to experience the finest African innovations. The top five startups from DEMO Africa will be sponsored to Silicon Valley for an all-expense paid trip to be part of the Lions@frica Innovation Tour. Now accepting startup applications until June 15.

EDiT Research Fellows in Applied Development Finance: The Global Development Network (GDN) and the European Investment Bank (EIB) have partnered to create the ambitious EIB-GDN Program in Applied Development Finance for deepening understanding of EIB’s investment operations in African, Caribbean and Pacific (ACP) countries. Under this partnership, GDN and EIB will identify, train and deploy teams of research professionals in the ACP regions to conduct “deep dive” studies of selected projects funded under EIB’s Impact Financing Envelope (IFE).

Kenyan winners from the Tony Elumelu Foundation announced earlier this year

Fourth Mining 4i: The Strathmore Extractives Industry Centre (SEIC), in collaboration with the Kipya (Africa) Limited and Extractives Baraza, hosts the Fourth Mining 4i, an annual invite-only forum which focuses on the promotion of Kenya’s mineral potential by attracting investment in technological innovation.

Google Africa Scholarship Program:  Web and Android Scholarships available for residents of African countries. Some scholarship recipients may be able to participate in an Andela Learning Community with our partners from Andela. Finally, top students from each track will earn full scholarships to one of our Android or Web Development Nanodegree programs. Applications due by April 24.

Kalasha Kenya: Submit your entries for the #MyKenyaMyStory competition for a chance to walk away with grand prizes worth Kshs 500,000 Check poster for more details.

The Competition Authority of Kenya #CAKuzaAwards2018 is celebrating excellence in Kenyan Broadcasting. Vote for your favorite TV and Radio Station, by sending the word KUZA to 15601. Voting is free.

Merck Accelerator Nairobi Satellite Program: In partnership with Mettā, Nairobi, Merck Accelerator’s satellite program in Nairobi is seeking early-stage startups with no more than 4 years in existence, startups in the fields of Healthcare, Life Sciences, Performance Materials and other search fields such as Biosensing and Interfaces, and Precision Farming. For startups based in East Africa, Nairobi Applications are open to May 5, 2018, and founders that are available are to attend a boot camp on May 15-18 in Nairobi, Kenya, if selected.

MEST Africa Challenge 2018: MEST is celebrating 10 years of supporting aspiring African entrepreneurs with a first Pan-African pitch competition, the MEST Africa Challenge. MEST Africa Challenge 2018 will give winning applicants the chance to meet and pitch to leading investors, corporate and ecosystem partners from Africa and beyond, at the finals in Cape Town. The trip will be fully funded. The winning entrepreneurs could receive, as much as, sh.5,000,000 ($50,000) in equity investment and space in one of MEST’s incubators. Companies that apply must be primarily tech-focused. Details here and the deadline for applications is April 22.

Microsoft Imagine Cup 2018: Microsoft has announced this year’s Imagine Cup, the students’ developer technology and innovation competition that will see winners walk with $100, 000 in prizes. Imagine Cup participants create or join a team of up to 3 students. Together, they make an original technology project from start to finish: come up with a great idea, make a plan, build a project, and submit. This year’s Imagine Cup has three special awards that represent the current state of digital transformation: Artificial Intelligence, Big Data, and Mixed Reality.

Norwegian Accelerator, Pangea, a platform connecting African startups with international investment & expertise, has shortlisted 11 start-ups who will be considered for funding of up to 50,000 USD per startup. The 11 start-ups companies are drawn from Kenya-9, Egypt -1 and Nigeria-1. Pangea plans to launch a crowd investment platform in June 2018, allowing accelerated startups further access to funding.

The 8th Orange Social Venture Prize for Innovative Startups in Africa and Middle East (50,000 Euros in Prizes) aims to reward the best innovative business projects. Application deadline is May 31, but now no more Kenyan firms are eligible after Orange divested from Kenya.

Pitch AgriHack 2018 for young agriculture entrepreneurs is a competition for agriculture startups owned by young entrepreneurs, with reward being capacity building and access to a grant. It is organized by the Technical Centre for Agricultural and Rural Cooperation (CTA) and the African Development Bank (AfDB). 8 winners will be selected from 2 categories and there will be an additional category to reward a woman-owned, founded or co-founded startup by one of the partnering organizations that made Pitch AgriHack 2018 possible. It is open to e-agriculture startups offering digital services in the agriculture sector. Details here and the deadline is 21 May.

She Leads Africa Accelerator is set to provide training and funding for women-led technology enabled businesses. The 2018 Accelerator will consist of three 1-week residencies in Lagos where entrepreneurs will receive training from the SLA team, business leaders and experts. Applications close on May 20.

Upstream Oil & Gas Awards: The Upstream Awards 2018 is a ceremony to recognize and celebrate outstanding achievements from within the emerging upstream oil and gas industry. Nominations have closed for, among others, nominees for company of the year, drilling contractor, oil field services ​company of the year, upstream CEO, upstream woman of the year award, local community award, local supplier, oil & gas future leader, upstream financier of the year, journalist of the year, legislator of the year, engineering award, life achievement award, and upstream county award.

USAID and Feed the Future have issued an invite to Sub-Saharan Africa women in agribusiness for the Accelerating Women Entrepreneurs Prize 2018. It is open to women helping smallholder farmers increase access to agricultural input (seeds, fertilizer, etc.), technology (ICT, irrigation, etc.), financial and risk management services. Winning applicants will enjoy access to capital to scale and improve their work. Details here and the deadline for applications is 25 April.

Visa will open the first Visa Everywhere Initiative for Sub Saharan Africa to young developers at this year’s Nairobi Tech Week (NTW) taking place from April 19- 21. Developers who win the Visa-led hackathon during the tech week will automatically gain entry into the Visa Everywhere Initiative where they will have an opportunity to compete for a chance to win up to US $50,000, at a regional event in the region.

WTO 2018 Essay Award for Young Economists:  The WTO has issued a call for young economists to submit papers for the 2018 WTO Essay Award. The award aims to promote high-quality research on trade policy and international trade co-operation and to reinforce the relationship between the WTO and the academic community. Essays must be submitted by 1 June 2018, must address issues related to trade policy and international trade co-operation and cannot exceed 15,000 words.

2018 World Travel Awards:  Nominees have been selected and voting for African winners in is open up to 19 August in categories including (*Kenyan nominees in brackets) – Leading Luxury Private Villa (Cottar’s Bush Villa, Maasai Mara) Africa’s Leading Tented Safari Camp(Elephant Pepper Camp Masai Mara, Fairmont Mara Safari Club, Finch Hattons, Mahali Mzuri, Porini Amboseli Camp, Selenkay Conservancy) Africa’s Leading Safari Lodge (Borana Lodge, Kicheche Bush Camp, Loisaba, Ngerende Island Lodge, ol Donyo Lodge, Sirikoi),  Africa’s Leading Meetings & Conference Centre 2018  (The Kenyatta International Conference Centre), Africa’s Leading Serviced Apartments (Cowrie Shell Beach Apartments), Africa’s Leading Private Island Resort (Manda Bay, Rusinga Island Lodge) Africa’s Leading Luxury Hotel Villa (The Cliff Villa, Alfajiri Villas) Africa’s Leading Hotel Residences (Palacina),  Africa’s Leading Hotel (Fairmont Mount Kenya Safari Club, Fairmont The Norfolk Hotel), Africa’s Leading Green Hotel ( Nairobi Serena Hotel, The Aberdare Country Club) Africa’s Leading Family Resort (Fairmont Mount Kenya Safari Club, Leopard Beach Resort & Spa), Africa’s Leading Business Hotel 2018 (Fairmont The Norfolk Hotel, Radisson Blu Hotel, Nairobi Upperhill, Tribe Hotel), Africa’s Leading Boutique Hotel (Giraffe Manor, The Safari Collection,  Hemingways Nairobi, Lion in the Sun)  Africa’s Leading Beach Resort (AfroChic Diani Beach, Almanara Luxury Resort, Swahili Beach, The Majlis), Africa’s Leading All-Inclusive Resort 2018 (Diamonds Dream of Africa) Africa’s Leading Tourist Board 2018 (Kenya Tourism Board) and Africa’s Leading National Park (Masai Mara National Reserve).  

Kenya Airways has been nominated for Africa’s Leading Airline – Business Class, Africa’s Leading Airline – Economy Class, Africa’s Leading Airline, Africa’s Leading Airline Brand 2018 and Leading Inflight Magazine (Msafiri). Also nominated are Fly540 and Jambojet, for Africa’s Leading Low-Cost Airline 2018  and AirKenya, Fly540, Mombasa Air Safari, Safarilink Aviation, Tropic Air for Kenya’s Leading Domestic Safari Carrier 2018.

What other opportunities are there for readers to apply for?

Reading the Tea Leaves at Kurwitu Ventures

Kurwitu Ventures published their 2017 accounts last month. The company listed on the Growth Enterprises Market Segment (GEMS) of the Nairobi Securities Exchange (NSE) back in November 2014 at a premium price of Kshs 1,250 per share. The GEMS segment was created was created to give small and medium enterprises an easier route to the capital markets through lower requirements such as being in operation and audited accounts for just a year and took take steps to improve their governance

Their 2017 report notes that Kurwitu offers Shariah-compliant investments and asset management services – including Sukuk securities (Islamic bonds) – and their key focus remains on agriculture investments. The company may also invest with others persons in pass-through ventures such as REIT’s and investment notes – and such products may not appear on the group balance sheet.

In their original listing document (PDF), the company had forecast to generate revenue through three sources; from early-stage equity investments (generated by investing Kshs 100M in in projects in 2015, up to Kshs 200M in 2017), doing three (3) pass through investments a year of about Kshs 400 M in value – out of which they would earn a 1.5% fee and finally, corporate financial advisory deals for which they would earn a minimum of Kshs 4 M per deal. But in 2017, the company lost Kshs 10 million (10 M) compared to a loss of Kshs 14 M the year before. They had revenue of Kshs 317 shillings (all interest income, and still an amazingly low amount of interest income in relation to their bank balances) while they had revenue of Kshs 20,885 in 2016.

Directors at the time of listing were Abdikadir Hussein Mohamed, Mohamed Abdirahman Hassan, Sumayya Hassan Athmani, Jamal Isaak Ibrahim, Abdikadir Mohammed Haji, and Abdirahman Abdillahi and shareholders were Abdirahman Abdillahi (51%), Mohammed A. Hassan (27%), Ali Daud Mohamed (4%), Noordin M Haji (4%) and Anas Ibrahim Hussein (4%).  Abdirahman Abdillahi and Mohammed Hassan have since reduced their stakes in Kurwitu. To date, shareholders have lent Kshs 70 million to Kurwitu (including 20M in 2017) and these loans, which have no repayment date or interest charged, can be converted to shares at a value of Kshs 1,400 per share – and the current outstanding loans are equivalent to 50,000 shares against the current 102,000 issues shares. The company is authorized to have 125,000 shares.

The company created an asset management subsidiary in March 2015 that is 99.9% owned by Kurwitu Ventures and 0.01% by Abdirahman Abdillahi (the managing director). It has 3 plots of land in Lamu – Magongoni that it bought for 102 million and which it has owned since its listing, while in 2015 they bought another parcel in Lamu – Lake Kenyatta for Kshs 4 million.

In 2017, the company had Kshs 6 million (6M) in the bank, paid 5 M in salaries and another 3M in professional fees. Their accounts were audited by Abdulhamid & company. This accumulated losses at the end of  2017 were Kshs  44 million, compared to Kshs 33 M the previous year.

Other companies on the GEMS segment of the NSE include Home Afrika, Flame Tree, and Nairobi Business Ventures. Cytonn Investments, which was granted a fund manager license last month, also plans to list under GEMS later this year, while Atlas has already exited.

Strathmore Promotes Agri Export Business Opportunities

On Thursday at Strathmore Business School, there was a session to highlight some of the opportunities and challenges for Kenyan companies that wanted to get into the farm export business.

Kenya is known for flower exports, but not so much for fruits and vegetables which can be quite lucrative and are better suited to the climate here. An example was cited that a kilo of dhania (coriander) that sells for Kshs 50 per kilo in Nairobi, can fetch €3-4 euros in Europe.

Some excerpts

Export fruits and vegetables

  • Know the markets. Buyers have no obligation to buying from Kenyans. Companies have to know how to sell at expos where everyone is selling the same fruits and vegetables.
  • Kenyans are known for sending good samples, but the problem that buyers in other countries have with many Kenya companies is that they are later not consistent in quality and quantity of food exports. 
  • How to identify opportunities and threats in the news; Things like Brexit, earthquakes and climate changes and others like Muslim migration across Europe.
  • One can’t venture into exports unless they interact with the government – HCDA, Export Promotion Council, KEPHIS and others like the FPEAK, and the Kenya National Chamber of Commerce & Industry. Also, potential exporters must update themselves on changing regulations.
  • How to manage finance when upfront payments are rare, and there are international frauds who take deliveries but don’t pay. Also how to avoid the many fake consultants.  
  • The biggest challenge in this country is labour, not capital! One solution is shared labour for exporters and farms who can’t employ full-time skilled workers.
  • If one is not in charge of their own logistics, they are not in business. 

The Strathmore Business School exploring international markets program class takes place early next year and involves two modules: The first will take the class to the Fruit Logistica in Berlin, in February 2018 which is the world’s leading trade fair for the international fresh produce business where they will learn about the packaging, presentation, logistics, marketing. and other business aspects at the fair that had had 3,000 exhibitors from 84 countries and 76,000 visitors this year. Then at module two in Nairobi, they will learn about local production, logistics, local bank and financial options, obtaining global certification, branding, and other aspects of the food value chain. The deadline for applications is December 20.

NASA Post-Election Economic Boycott of Brookside, Bidco, Safaricom

Last week, Kenya’s opposition movement, the National Super Alliance (NASA), who boycotted the repeat presidential election held on October 26, announced an “economic liberation programme” and called on their followers to boycott the products of three companies Bidco, Brookside, and Safaricom.

What’s the link?

Brookside Dairies is associated with the family of President Uhuru Kenyatta. The company was started in 1993 and Brookside has grown to control about  44% of the processed milk market in the country, ahead of New KCC and Githunguri Dairies.

Brookside has acquired several dairy companies and still sells milk under their original brands including Tuzo, Molo Milk, Ilara and Delamere.  While the NASA statement mentions that when Jubilee took over milk farmers were getting Kshs 35 per litre while consumers paid Kshs 72 per litre, and that today farmers still get Kshs 35 while consumers pay 120 per litre, the economics of milk prices is a complex one, not attributed to the processor alone. Brookside collects milk from over 160,000 farmers every day.

Safari com: MP’s from the NASA side have  accused Safaricom, arguably Kenya’s most successful company, and some of its employees who they publicly named, of enabling  incorrect election results to be transmitted during the August 8 elections, something which the company has denied and also expressed concern that their employees had been needlessly endangered as they did their jobs and the company merely fulfilled a contract to support the 2017 Kenya general election.

NASA MP’s have gone ahead to public switch from using Safaricom to rival Airtel, even as Safaricom dealers warned of dire effects for their employees and communities.

Safaricom has 6 of its 45 shops in the Western/ Nyanza Region which is the bedrock of NASA support. Whether this is a turning  point for Airtel in Kenya as a company which has branded as Kencel, Celtel, and Zain and which has steadily lost ground and value to Safaricom over the years, remains to be seen.

But members of parliament from ODM (the main party in NASA)  have in the past voiced critical comments about some of their issues with Safaricom from even before the 2017 election –  especially during debate on the gambling and sport betting bills in the last parliament, earlier this year.

Here are some comments by Nicholas Gumbo, the then-Member of Parliament for Rarieda and Chairman of the Public Accounts Committee in the National Assembly.

Then-Member of Parliament for Gem and Deputy Minority Leader, Jakoyo Midiwo threatened on more than one occasion to introduce legislation to break Safaricom.

Bidco: The edible oils company is probably the most vulnerable of the three brands, and was likely targeted because its group chairman Vimal Shah, is the chairman of MKenya Daima an offshoot of the Kenya Private Sector Alliance (KEPSA), of which he’s a past Chairman, and which has throughout the election season been championing for respect of the election outcomes, grievances to be addressed in the constitutional ways (through the courts), for politicians to be careful about their public utterances and for normal business life to resume. KEPSA recently released a statement that read:

This is why we have consistently called Kenyans’ attention to the disastrous economic consequences of the present uncertainty which affects all Kenyans. The Private Sector having reviewed the loss and has estimated it to be about 10 per cent of the GDP equivalent to Kshs 700 Billion

Earlier this year, Bidco announced plans to become a billion dollar turnover (Kshs 103 billion) company by 2021 (their current turnover is Kshs 25 billion) by diversifying into the production of fruit juice, soft drinks, and cereal products.

EDIT May 1 2018

Kenya Tea Trade Monopoly Pricing Rejected

The Competition Authority of Kenya has rejected an application for exemption by the East African Tea Trade Association (EATTA) to set brokerage commission and warehouse prices. EATTA, which operates the weekly Mombasa Tea Auction, had sought to be exempted from the provisions of section 21 and 22 of the Competition Act No. 12 of 2010 (the Act) on some of its activities for an indefinite period.

The rejection was premised on:

  • The setting of broker fees and commissions under the auspices of the EATTA was a hardcore contravention under Section 22 (1) (b) of the Act as it is a form of price fixing;
  • The setting of brokerage fees was beneficial to the brokers with no express benefits to consumers and tea producers;
  • The Kenyan brokerage fees were higher compared to those in Sri Lanka and India and have remained unchanged for a long period of time;
  • Warehousing is an important element in the tea value chain and that fixing of warehouse fees would undermine innovation and improvement of value preposition to customers given that warehousemen will be assured of the minimum fees set by EATTA. This the Authority concluded that it will encourage inefficiencies in warehousing thus impacting on the trade negatively.

However, the Authority allowed, for a period of three (3) years), the trading to be permitted amongst membership.

Extract from the Kenya Gazette

Other

  • Kenya’s largest foreign exchange earner isn’t tea or tourism but diaspora remittances – @coldtusker
  • During tea processing, 4 kilos of green leaf are required to make one kilo of tea – @dailynation
  • Kenya has the largest tea auction in the world with plans for a tea futures market to get predictability for farmers – Stuart – @INTLFCStone