USAID has approved
three catalytic projects totaling US $2,480,000 to stimulate the growth of Kenya’s small
and medium enterprises. These grants will help strengthen the participation of Kenya’s SMEs in
financial markets and the agriculture sector.
The projects dubbed 'Drip' are well
aligned with USAID's core mandate of supporting private-sector development in
Africa, a key strategic priority of the US Government.
Through
the projects an investment totaling US $1,900,000 is being deployed to finance the
capacity-building of emerging firms and the development of a sustainable
knowledge and learning platform. Another grant of US $1,000,000 is for leveraging
investments for fertilizer utilization amongst smallholder farmers in Kenya.
