AVON CAPITAL
Avocado start-up
Agriculture Kenya Private Equity

Avocados start-up in race for Sh2.5 million prize

Two Kenyan entrepreneurs are among 20 finalists of the 2018 edition of Anzisha Prize, a programme that accelerates innovation on the continent and supported by Africa Leadership Academy (ALA) and Mastercard Foundation.

The Avocado Start-up founders, Kevin Kibet of FarmMoja and Richard Turere of Lion Lights, will battle out with 18 other entrepreneurs drawn from across the continent for Sh2.5 million grand-prize.

FarmMoja Limited works with smallholder avocado farmers by training them and giving them access to markets while Lion Lights distributes LED lights that flash in a sequence and keeps lions away from livestock.

The finalists will attend a 10-day training in South Africa later in the month where each will be expected to pitch in a race to win the grand prize. All finalists will also get enrolled for a Fellowship on entrepreneurship after the pitch.

“Investing in young entrepreneurs to address the youth employment challenge is at the core of the Foundation’s Young Africa Works strategy,” said Mastercard Foundation programme manager Koffi Assouan.

“These Fellows are tackling challenges in their communities and driving job creation and sustainable economic growth by improving efficiency in the agrifood sector. We congratulate them on their success.”

Earlier this year, the Foundation announced it would partner with humanitarian agency Mercy Corps to push for adoption of technology to benefit Kenya’s small-scale farmers to boost food production.

In 2017 it set aside Sh2.7 billion for scholarships to university students in Kenya and Uganda.

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