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Funding for Climate Smart Technology - Case of Kenya Climate Innovation Center

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Nairobi, 15th July, 2014. Presentation by Ernest Chitechi (Taita Agriculture & Livestock Enterprises) on Day 1 of the Fin4Ag conference

Nairobi, 15th July, 2014. Presentation by Ernest Chitechi (Taita Agriculture & Livestock Enterprises) on Day 1 of the Fin4Ag conference

Published in: Technology

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  • 1. FUNDING FOR CLIMATE SMART TECHNOLOGY – CASE OF KCIC – FIN 4 AG CONFERENCE
  • 2. • World Bank-infoDev initiative, funded by UK Aid and DANIDA • Provides incubation, capacity building services and financing to SMEs developing climate mitigation/adaptation solutions • Operational since September 2012, the first among the CICs that infoDev is launching globally • GVEP International, PwC, Strathmore University and KIRDI are the lead partners in a consortium contracted by infoDev to establish and operate the KCIC. Actual implementation is done works with many supporting partners and collaborators. • Currently in the process of incorporation as a Company Limited by Guarantee to strengthen sustainability of its operations. 2 What is the KCIC?
  • 3. KCIC Model • Providing risk capital through a highly flexible fund that offers financing through two windows, namely proof of concept and seed financing • Facilitating other sources of financing through syndicating investors, building partnerships with banks to facilitate working capital finance and facilitating consumer financing to ensure technology adoption in the market
  • 4. Key Success case 4 Kukubora Challenges and support being provided Business challenges: • Transform Indigenous Chicken rearing into a viable and market oriented economic activity • Proving the concept is technically and financially feasible • Need to understand key business drivers and costs at each step of the value chain • Attracting investors into the venture Support being provided by CIC: • Review technical feasibility and business potential • Verify assumptions on the value chain • Mainstream gender and youth into the economic agenda, • Strengthen the marketing function of the indigenous poultry value chain, • Strengthen the rural cluster model of production, improve quality assurance of indigenous poultry meat products Status  Signed agreement with Bungoma county  Slaughter facility completed with 500 chicken per hour  POC amounting to USD 42,000 granted Additional comments: The company to commercialize the idea of growing indigenous poultry value chain
  • 5. Key Success case 5 Aviva Kenya Challenges and support being provided Business challenges: • Kenya imports eighty percent of its rice. • Low rice production has mainly been due to rice varieties that only grow in continuous flooded paddies. • The company is encouraging farmers to adopt nerica rice farming for diversification and to enhance food security • Proving the concept is technically and financially feasible Support being provided by CIC: • Undertake further farmer mobilization • Field testing of nerica rice production and obtain feed-back from farmers on seed performance. • Implement a marketing campaign to raise awareness of, and demand for, the nerica rice, and limited market test to better understand willingness to pay and price point Status  Currently promoting rice growing in non-traditional rice growing areas in Arid and Semi-Arid areas of Meru, Tharaka Nithi and Isiolo counties  POC amounting to USD 27,000 granted
  • 6. Key success cases 6 MilestonesMineral & Allied SunCulture Mineral & Allied Ltd had grown from a small Agro-vet shop that provides livestock inputs to farmers around Wangige Shopping Center to a major provider of hydroponics technology in the Country. It has opened over 15 outlets/contact points and installed 285 hydroponic units across the Country. The business has also grown its sales by 240%. The CIC support has been directed at growing market awareness , development of effective farmer outreach models and training materials. The business has also been assisted to patent the appropriate aspects of its technology. SunCulture is providing low-cost and efficient irrigation technology targeting smallholder growers of high- value crops in the country. The business has sold 32 irrigation in the last 6 months when it entered the market. The customers are further provided with extension support and linkage to competitive markets for their crops. The Company is currently embarked on a robust market expansion plan within Kenya and Uganda over the next 5 years. The main CIC support has been in end-user financing through which the Company has successfully entered into partnership with Equity Bank..