President Obama underscored the importance of our cooperation during his trip to Kenya last year when he said, “America partners with Kenya in areas where you’re making enormous progress …on access to power, where Kenya is developing clean energy that can reach more people; on the important issue of climate change, where Kenya’s recent goal to reduce its emissions has put it in the position of being a leader on the continent.”
Good evening. It is a pleasure to join you as we mark what I am sure will be an extraordinary partnership between Stanford, one of the world’s premier universities, and so many of the great innovators and entrepreneurs here tonight. The Stanford SEED Transformation Program will bring new growth and innovation to Kenya through the promotion of business development and management skills. It will bring Silicon Valley ingenuity and the expertise of Stanford’s leading business faculty to help businesses across East Africa expand. And, ultimately, it will bring jobs and greater prosperity across Africa.
The U.S. Government is a committed to partnering with Kenya in improving the agricultural sector. We support Kenya through President Obama’s global initiative, Feed the Future, which aims to reduce poverty and stunting by 20 percent through improved technologies in agriculture. The Feed the Future Kenya Innovation Engine activity accelerates private-sector investment by sharing investors’ risk in backing innovations that address food insecurity, malnutrition and poverty across Kenya.
The U.S. Agency for International Development (USAID) has granted KSH 380 million to Kenyan innovators as part of its Feed the Future Kenya Innovation Engine (KIE), an effort to reward and improve agriculture-based innovations. To date, more than 57,000 rural households have benefitted from KIE-supported innovations and attracted nearly $1.4 million in public and private sector investment.
Good morning. It is a pleasure to be here today as we celebrate and welcome the partnership between the Young African Leadership Initiative and Kenya Commercial Bank. Today, through this pledge of support to the YALI Regional Leadership Center East Africa, KCB is investing in the next generation of young leaders. And in doing so, KCB is committing to not only the future of Kenya, but to all 14 of the countries our fellows hail from in East and Central Africa and, certainly, the entire continent.
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