Devenish Nutrition, an Agri-technology company based in Belfast, Northern Ireland, announced is looking to invest approximately US $2m in Kenya’s small-scale farmers. Sidai Africa, an agri-services company based in Kenya will disburse the funds.
This investment followed the US $132,000 in funding Devenish received from the European Investment Bank in August last year. The funding was one of the largest investments in agribusiness in Ireland made by the bank. It also comes as part of Devenish’s long-term growth strategy in emerging markets.
Sidai Africa is a social uplifting enterprise that provides crop and livestock services to farmers throughout the East African country, reaching some of the most remote areas in Kenya. The company’s centers provide crop inputs and animal husbandry and health services to farmers and pastoralists in rural areas.
According to a statement by Sidai Africa, the company’s aim was to improve access to livestock products and services for farmers. It was estimated that nearly a quarter of livestock in Kenya die annually from preventable diseases.
Dr. Christie Peacock, Sidai Africa founder said that the company’s mission is to enable every small-scale farmer in Kenya to produce food in a predictable and profitable way, and this investment will help to achieve their goals.