WEF_GrowAfrica_AnnualReport2014

2013 in Review 2013 in Review
LETTERS OF INTENT
The Year in Numbers
2013 action for transformation
A selection of companies engaging in each country have outlined their investment plans by signing “Letters of Intent”. Grow Africa has
not yet worked with Kenya for a targeted promotional effort to generate such commitments, so we have relatively few companies from
which to gather progress reports. Nonetheless, for 2013, the following statistics aggregate any data shared by these companies in the
spirit of mutual accountability.
5 Companies have
Letters of Intent (LoIs)
IMPLEMENTATION PROGRESS REPORTED
0% Complete
0% Performing well
25% Minor problems
25% Major problems
Planned investment
estimated at $1.2 million
1 of 5 companies provided data.
Leadership and alignment
•¡
President has made agriculture a political
priority.
•¡
Sector Ministries (Industrialisation and
Enterprise Development, Agriculture,
Environment, Lands and East African
Affairs) are now working together with
the private sector to advance agricultural
investment.
Strategy setting
•¡
The ASDS is aligned to CAADP and
Vision 2030, and is backed by a Medium
Investment Plan.
Risk mitigation and financing
•¡
A review of agricultural insurance products
is underway to highlight needs for service
development.
•¡
$20 million has been earmarked for an
agribusiness fund to de-risk and leverage
commercial bank lending to smallholder
and commercial farmers.
•¡
Consultations have taken place between
financial institutions on how to reduce the
cost of credit. The intention is develop an
agriculture financing strategy.
Infrastructure and policy
50% On plan
0% Cancelled
4 of 5 companies provided data.
$2.7 million of investments made in 2013
$2.4 million of capital expenditure.
$300,000 of operating expenditure.
3 of 5 companies provided data.
OUTCOMES REPORTED FOR 2013
77 jobs created:
37% 63%
1,064,000 smallholders reached:
24% 74%
•¡
County governments are developing
Agriculture Strategy Development plans.
•¡
Priority value chains are based on strategic
thrust of the ASDS and flagship projects for
implementation of Vision 2030.
Investment pipeline
•¡
The domestic private sector, through the
KAAA, is convening stakeholder sessions to
identify opportunities for investment.
•¡
A number of county governments have
convened investment forums to attract new
investments to their area. The KAAA will
work with the County Forums to run parallel
Agribusiness Forums.
•¡
A coordinating team has been convened
by ASCU to identify priority value chains
and will also follow through on the
implementation of LOIs.
•¡
The National Irrigation Board is supporting
county governments to put 500 acres
(spread across the counties) under
irrigation.
•¡
The GoK has identified a one million-acre
flagship project for irrigation and food
security in Galana-Kulalu, with $40 million
allocated for the first phase.
•¡
Funds allocated to mechanise agriculture
have been used by county governors to
purchase tractors to facilitate production
and lower the costs of land preparation.
•¡
The GoK has begun an ambitious
programme to generate 5,000 MW of power
by 2016, up from the current 1,660 MW.
Delivery and implementation
•¡
The ASCU is strengthened and now
incorporates the Ministry of Industrialisation
and Enterprise Development, the Ministry of
Environment, the Ministry of Lands, and the
Ministry of East African Affairs as well as to
integrate issues within the purview of both
national and county governments.
2 of 5 companies provided data, of which
50% was gender disaggregated.
1,003,932 with services
22,932 with training
4 of 5 companies provided data, of which
50% was gender disaggregated.
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Kenya
Kenya
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