Kenyan Enterprises Selected for Nature-Focused Investment Accelerator

Two Kenyan enterprises, Acacia EPZ and ForestFoods, have been selected for the Nature-First Innovation Lab (NFIL), a 12-month accelerator program.

Program Details

The NFIL, run by FSD Africa with Systemiq and the African Natural Capital Alliance (ANCA), aims to help the selected enterprises prepare to raise investment, with a collective fundraising target of around USD 10 million.

• Acacia EPZ exports conflict-free gum arabic, with revenues growing 56% in two years.
• ForestFoods practices syntropic agroforestry, growing trees, crops, and livestock together to regenerate the land.

The program will provide grants, financial planning, governance support, and introductions to investors to help the enterprises become investment-ready.

Source: KBC Digital. AI-assisted summary.