fbpx
Edit Content

Green Agribusiness Fund Launch $30,000 Pilot Phase Funding For Young Agripreneurs In Nigeria And Rwanda

10D886BD-0E3B-4D30-9EE4-4F0BDDCE8F9E

The Green Agribusiness Fund just launched its pilot phase of the $30,000 fund in Nigeria and Rwanda, to be invested in youths and agribusinesses. The fund which is spearheaded by JR Farms in collaboration with Generation Africa and the UN’s Food and Agriculture Organisation (FAO), seeks to intensify its efforts in nurturing the next generation of agrarian leaders in Africa while ensuring food security isn’t a myth in the continent. 

An equity funding of $5,000 each in support of peculiar business needs will be provided to six youths drawn from Nigeria and Rwanda. This peculiar business needs will include machines, packaging materials, and raw materials. The selection process will commence in the middle of the month.

Rotimi Olawale, the CEO JR Farms said, “the motive behind the initiative is to address one of the main challenges mitigating youth from productive involvement in agriculture in Africa, including limited access to finance and business mentorship.”

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Furthermore, Mr. Olawale added that the scheme would tackle poverty, labour crisis, rural-urban migration, and improve living standards in rural economies across Africa.

“The Fund is designed to invest in agribusiness initiatives and companies that are deemed socially responsible in their business dealings in various parts of Africa.”

Objectives Of The Green Agribusiness Fund 

Young people more often than not do not always meet the requirements for securing loans and equity. So, the Green Agribusiness Fund is bridging the gap by creating the platform for young Africans. The opportunity is for youths who will engage in agriculture as a key to transforming the continent and raising the next generation of agropreneurs. 

Furthermore, businesses who intend to benefit from the Green Agribusiness Fund, must be owned by young Africans who are living in Africa. Raising the next generation of agric entrepreneurs that will lead to great initiatives in agriculture is one of the objectives of GAF. This move will position agriculture in Africa on the path of decent job creation, food security, and improve the standard of living on the continent.

In addition, Olawale said that youth-led agribusinesses that will be accommodated on this initiative must deliver value to all stakeholders without degrading economic, social, and natural capital. The initiative promises to spread its tentacles towards the promotion of diverse aspects of agricultural businesses. These different aspects cut across precision farming, agric tech, access to market, agro commodity trading, post-harvest loss, climate-smart farming, urban farming, seed, and soil improvement. 

Rotimi Olawale, the CEO JR Farms is into coffee production in Rwanda, which is a growing industry in the African continent.

Let’s create visibility for your brand today and put your business on the world map. Contact us today to make your brand the preferred choice among our audience of entrepreneurs and business leaders.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Important Business Skills

Top 5 Important Business Skills for Every Entrepreneur

Nigeria is experiencing a surge in entrepreneurial activities. More people are venturing into business, creating a vibrant and competitive environment. This growth is exciting but also challenging. Entrepreneurs face many obstacles, from financial constraints to market competition. To succeed, entrepreneurs need important business skills. See Also: How to transition from

Best Freelance Jobs

5 Best Freelance Jobs That Require Little Professional Skills

The rise of the freelance economy marks a significant shift in the global job market. Today, millions are tapping into the benefits of freelancing, drawn by its remarkable growth over recent years. This surge is fueled by a demand for flexible work arrangements and the broad availability of remote work

Choosing the right online store

8 Tips on Choosing the Right Platform for Your Online Store

Choosing the right e-commerce platform is crucial for anyone planning to launch an online store. The platform you choose not only powers your business operations but also shapes the shopping experience you offer to customers. This decision affects how smoothly your operations run, the quality of your customer interactions, and

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up