At the first ever Nutrition Africa Investor Forum in Nairobi, Kenya, over 60 African fast-growing small and medium (SMEs) enterprises have been given opportunities to connect with investors in deals worth $82 Million.
Representatives from the World Bank, European Commission, International Finance Corporation, Kenya Commercial Bank, Graca Machel, Trust and Bill and Melinda Gates Foundation were part of the forum.
Also, The Global Alliance for Improved Nutrition (GAIN), a Swiss Foundation and Royal DSM – a purpose-driven global science-based company in nutrition, health and sustainable living – are also driving this forum in order to generate greater investments to improve nutrition in Africa.
Commenting, Lawrence Haddad, Executive Director of GAIN said: Malnutrition is a massive problem in Africa. Businesses have to be part of the solution for malnutrition in Africa.
The big problem most businesses face, especially the small and medium-sized ones when it comes to engaging in the market is that they lack access to finance. GAIN works with businesses to develop their deal flows and their business case and then link them to investors. This is the first real effort within Africa to make it easier for businesses to provide nutritious food by making it more readily available, affordable and accessible.”