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Commodities Fund
The National Coconut Week
19th April 2024
PAPER: INVESTMENTS IN THE COCONUT INDUSTRY
Nancy Cheruiyot, FCCA;
MT/CEO, Commodities Fund
Investments in the
Coconut Industry
? KEY PILLARS: Agricultural transformation; SMEs; Digital
superhighway and Economy; Housing, Health,
Environment
? AGRICULTURE:
? Key pillar - national economy (21% of GDP),
? Largest capacity for ‘quick, S/ term interventions -
maximum effect’: food security, employment
opportunities, increased producer income; foreign
income earnings…improved livelihoods.
? COCONUT SUBSECTOR: A sleeping giant!
BETA PLAN AND COCONUT SUBSECTOR
CURRENT STATUS
? Income: KSHs. 13 Billion
? Livelihood: 95, 000
Households (in/direct)
? Acreage: 77000 Hectares
? Productivity: 28 nuts/ tree
? Production: 2 Million nuts
annually
? Ageing Trees: 80 years
? Value Addition: 20
products
COCONUT INDUSTRY: OVERVIEW
POTENTIAL
? Income: Kshs. 25 billion
? New Livelihood: 150,000
households
? Acreage: (whole of coastal
region)
? Productivity: over 200
nuts/tree
? Production: 11.5 MN
? New trees, new varieties
? Value Addition: 100
products
STRATEGIES
? Production/ Productivity: Replanting
? Research
? Capacity building/ extension services
? Market promotion: Link to markets and related enterprises
? Favourable policy environment
? Strong cooperative movement
? Affordable financing
? Value addition/ coconut by-products
COCONUT INDUSTRY: TURNAROUND
COOPERATIVE MOVEMENT
? Current status: Weak cooperatives in coconut subsector
? BETA Economic Plan: To channel resources through
aggregated groups
? Reviving, Revamping, revitalizing aggregated groups in
coconut subsector: strong governance structures
? Cooperatives: Platforms for capacity building; value addition;
access to govt financing, Promotion & marketing, etc.
? Similar lessons: coffee, tea, sugar, cotton, diary subsectors.
COCONUT INDUSTRY: OPPORTUNITIES
AFFORDABLE FINANCING
? Agriculture sector attracts only 3% of all credit in the
economy
? Prior to ComFund, no dedicated financing for coconut
? Coconut subsector – Driven by Small holder producers
? Small holders – Source of all processing raw materials
? Small holder producers: Perception: Risky to finance, no
tangible collateral, unpredictable weather
patterns…neglected/ marginalized.
? Filling the GAP: Coconut Revolving Fund under COMFUND
COCONUT INDUSTRY: OPPORTUNITIES
AFFORDABLE FINANCING:why comfund
? Subsidized interest rates (between 3% (Women, youth and
PWDs) and 10%
? Friendly repayment plans based on a reducing balance,
which are developed in consultation with the loanes
? Favourable collaterals, including use of tripartite &
contract agreements
? Tailored to fit the coconut crop season
? (On the process of becoming Shariah Compliant)
COCONUT INDUSTRY: OPPORTUNITIES
AFFORDABLE FINANCING: Beneficiary Cases
? Nursery Operator: Benson Mutiso Nzau (Kwale County)
? Processor: Amor coco Kenya Ltd (Kilifi County)
COCONUT INDUSTRY: OPPORTUNITIES
VALUE ADDITION: Maximizing coconut by-products
? A case of “Ufagio wa Mnazi” and opportunity in the public
schools
COCONUT INDUSTRY: OPPORTUNITIES
Current Service points
NAIROBI – HEAD OFFICE
Eldoret
Nyeri
Meru
Embu
Kericho
Mumias
MOMBASA
Contact us
Get us online:
website: www.comfund.co.ke
Email: info@comfund.co.ke
Facebook: /commoditiesfund
X (Formerly Twitter): @cofkenya
Contact us: Nairobi Office
Call or write or visit
Utalii House, 11th Floor
Utalii Street, Off Uhuru Highway
P.O. Box 52714 -00200
Nairobi
Call: 07286027/8
Commodities Fund
Thank you!

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Investment in The Coconut Industry by Nancy Cheruiyot

  • 1. Commodities Fund The National Coconut Week 19th April 2024 PAPER: INVESTMENTS IN THE COCONUT INDUSTRY
  • 2. Nancy Cheruiyot, FCCA; MT/CEO, Commodities Fund Investments in the Coconut Industry
  • 3. ? KEY PILLARS: Agricultural transformation; SMEs; Digital superhighway and Economy; Housing, Health, Environment ? AGRICULTURE: ? Key pillar - national economy (21% of GDP), ? Largest capacity for ‘quick, S/ term interventions - maximum effect’: food security, employment opportunities, increased producer income; foreign income earnings…improved livelihoods. ? COCONUT SUBSECTOR: A sleeping giant! BETA PLAN AND COCONUT SUBSECTOR
  • 4. CURRENT STATUS ? Income: KSHs. 13 Billion ? Livelihood: 95, 000 Households (in/direct) ? Acreage: 77000 Hectares ? Productivity: 28 nuts/ tree ? Production: 2 Million nuts annually ? Ageing Trees: 80 years ? Value Addition: 20 products COCONUT INDUSTRY: OVERVIEW POTENTIAL ? Income: Kshs. 25 billion ? New Livelihood: 150,000 households ? Acreage: (whole of coastal region) ? Productivity: over 200 nuts/tree ? Production: 11.5 MN ? New trees, new varieties ? Value Addition: 100 products
  • 5. STRATEGIES ? Production/ Productivity: Replanting ? Research ? Capacity building/ extension services ? Market promotion: Link to markets and related enterprises ? Favourable policy environment ? Strong cooperative movement ? Affordable financing ? Value addition/ coconut by-products COCONUT INDUSTRY: TURNAROUND
  • 6. COOPERATIVE MOVEMENT ? Current status: Weak cooperatives in coconut subsector ? BETA Economic Plan: To channel resources through aggregated groups ? Reviving, Revamping, revitalizing aggregated groups in coconut subsector: strong governance structures ? Cooperatives: Platforms for capacity building; value addition; access to govt financing, Promotion & marketing, etc. ? Similar lessons: coffee, tea, sugar, cotton, diary subsectors. COCONUT INDUSTRY: OPPORTUNITIES
  • 7. AFFORDABLE FINANCING ? Agriculture sector attracts only 3% of all credit in the economy ? Prior to ComFund, no dedicated financing for coconut ? Coconut subsector – Driven by Small holder producers ? Small holders – Source of all processing raw materials ? Small holder producers: Perception: Risky to finance, no tangible collateral, unpredictable weather patterns…neglected/ marginalized. ? Filling the GAP: Coconut Revolving Fund under COMFUND COCONUT INDUSTRY: OPPORTUNITIES
  • 8. AFFORDABLE FINANCING:why comfund ? Subsidized interest rates (between 3% (Women, youth and PWDs) and 10% ? Friendly repayment plans based on a reducing balance, which are developed in consultation with the loanes ? Favourable collaterals, including use of tripartite & contract agreements ? Tailored to fit the coconut crop season ? (On the process of becoming Shariah Compliant) COCONUT INDUSTRY: OPPORTUNITIES
  • 9. AFFORDABLE FINANCING: Beneficiary Cases ? Nursery Operator: Benson Mutiso Nzau (Kwale County) ? Processor: Amor coco Kenya Ltd (Kilifi County) COCONUT INDUSTRY: OPPORTUNITIES
  • 10. VALUE ADDITION: Maximizing coconut by-products ? A case of “Ufagio wa Mnazi” and opportunity in the public schools COCONUT INDUSTRY: OPPORTUNITIES
  • 11. Current Service points NAIROBI – HEAD OFFICE Eldoret Nyeri Meru Embu Kericho Mumias MOMBASA
  • 12. Contact us Get us online: website: www.comfund.co.ke Email: info@comfund.co.ke Facebook: /commoditiesfund X (Formerly Twitter): @cofkenya
  • 13. Contact us: Nairobi Office Call or write or visit Utalii House, 11th Floor Utalii Street, Off Uhuru Highway P.O. Box 52714 -00200 Nairobi Call: 07286027/8
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