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It's no secret that Africa's livestock industry plays a big role in the region's economy.
In fact, the demand for livestock products is expected to grow by 50% by 2030, notes Business Daily.
But even as private sector investment in the overall agriculture sector is on the rise, only 10% of the $500 million investment in Kenya's agriculture since 2015 has gone into livestock-related ventures.
A new study by the International Livestock Research Institute, AgThrive, and Gatsby Africa finds three key factors are holding back investment in the sector: the "informality of businesses, production-level risks, and the absence of 'investor-ready' businesses," per the study.
The study also found that impact investors, who seek to create a positive social or environmental impact, weigh various risks, including market volatility, unprofessionalism in supply chain inefficiencies, lack of environmental sustainability, and regulatory compliance, when evaluating livestock-related businesses for investment.
To attract investment, businesses should "put in place tools for transparent tracking of the supply chain" and "develop a clear, sustainable business plan," the study says.
They should also "put in place tools for transparent tracking of the supply chain" and "mutually engage with local banks, and institutions to better understand
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
PepsiCo has selected eight startups from the Middle East and North Africa region as finalists in its Mega Green Accelerator program, which aims to " nurture the next generation of innovators as they...more
Funding for green technologies is on the rise in India, and the country's biggest investment fund is aiming to raise $1 billion for a climate-related fund by 2022, Bloomberg reports. The fund,...more
Missouri's Department of Economic Development has announced the 37 organizations that will receive a total of $6 million in state tax credits through its Youth Opportunities Program, the Kansas City...more
In October, Israel's Soroka Medical Center opened its doors to what it says was the largest mass-casualty event at a hospital in its history, treating more than 680 wounded in the first 24 hours...more
A kiosk in New Jersey will be the first in the country to offer a free, FDA-approved rapid fentanyl test, as well as Narcan, COVID testing, and other intervention strategies for free to help combat...more
Foundation: GE Foundation
"You showed up in the classroom. You showed up in the laboratory. You showed up on Zoom. And you showed up here today," University of Massachusetts Amherst Chancellor Javier Reyes told...more
A group in India called the Nourishing Schools Foundation has been working to combat undernourishment and anaemia among adolescent women in the state of Rajasthan since the academic year 2023-24,...more
The 14th annual Hawai'i Food & Wine Festival is scheduled to take place in October, and in addition to food and wine, festival-goers will get a chance to support local farmers, fishermen, and...more
Foundation: Highmark Foundation
The American Heart Association will be getting a CPR kit in West Virginia schools thanks to a hefty grant from the Highmark Foundation, the Charleston Gazette-Mail reports. The foundation's West...more
Foundation: Community Foundation of Herkimer and Oneida Counties
The Community Foundation of Herkimer and Oneida Counties has announced it has awarded more than $2 million in grants to organizations and initiatives primarily in the areas of human services,...more
Social Entrepreneurship
Spotlight
Vertical Farming: The Way to Feed a Global Population
Vertical farms are designed in a way to avoid the pressing issues about growing food crops in drought-and-disease-prone fields miles away from the population centers in which they will be consumed.
