Component Earth, a new carbon finance company announced the close of an over $50 million facility from global commodities leader Trafigura that will be used to scale the Lake Victoria Watershed Agroforestry Carbon Project in Kenya from its initial 15,000 hectares to 35,000 hectares, and potentially beyond.
With tilapia farms on Lake Victoria in Kenya and Lake Kivu in Rwanda, Victory Group will use the financing from AgDevCo to support the group’s next phase of expansion including multiple new farms in Kenya and Rwanda.
Kenya's Irrigation Secretary said the government will be promoting the utilisation of idle land by opening it up to private investors for agricultural development. "If you go to the coastal belt, cutting across the Tana River, we have more than two million acres, which have been lying idle for a long time."
A controversy over land in Kenya’s Rift Valley has captured public imagination and ignited debates about foreign investment, sovereignty, history, and geopolitics. At the centre of the controversy is a 520-acre agricultural and residential project developed by Israeli investor Erez Rivkin in Solai, Nakuru County.
A Dubai-based consumer electronics manufacturer, Maser Group, is making a major strategic pivot into agriculture and artificial intelligence infrastructure across Africa, committing $1.6 billion to farmland development and data centres in Nigeria, Ghana, and Kenya over the next two years.
Les projets de compensation conçus pour permettre aux gros pollueurs de réduire le bilan de leurs émissions de CO2 sont en majorité pilotés par des entreprises étrangères. Ils couvrent un peu plus de 5 millions d’hectares.
The flagship project will be developed at Galana Kulalu in the Tana River and Kilifi counties and is designed to irrigate up to 120,000 hectares of land, marking a decisive shift from rain-fed agriculture to large-scale, irrigation.
Kenya has become a global hotspot in the rapidly expanding market for land-based carbon offsets, with more than 5.4 million hectares now tied to projects that benefit foreign investors far more than local communities.
Land inequality remains the most enduring and destabilising injustice in Kenya, shaping who owns wealth, who accesses opportunities and who remains trapped in a cycle of marginalisation, with less than two per cent of Kenyans owning more than half of the country’s arable land.
President Ruto is said to have offered Qatar 2.5 million acres for large-scale irrigation farming, as an opportunity to bolster food security and enhance export capacity for both nations.
Nouvelle Blooms is helping investors access 1.8 million acres [728,434 ha] of Kenyan government land for large-scale farming, particularly for maize and soya beans that are critical for poultry feed formulation.
President William Ruto has moved to mediate the dispute over Yala Swamp in Siaya County, where local communities are clashing with investors over control of the vast farmland.
