East African Nuts & Oilseeds – Kenya
Established in Kenya in 2008, Ten Senses Africa Ltd. (TSA) was created by the Integra Foundation, as the world’s first fair-trade certified macadamia nut company. Macadamia exports started in 2010. TSA sources nuts from farmers throughout Kenya and processes them in Nairobi, supporting the local production of high-quality export products.
Joining impact investors such as DOB Equity and Incofin, CFC provided a 7-year trade finance loan giving TSA the ability to scale up and accelerate its business model to include more farmers and improve the quantity and quality of nuts. With CFC’s support, TSA expects to reach an additional 10,000 of smallholder suppliers, of which 30% women. The average annual net income of smallholders is expected to increase from USD 750 to USD 980 with about 400 new jobs created.
Submitting Institution | Ten Senses Africa Ltd. |
Location | Kenya |
Commodity | Nuts |
Total Cost | USD 4,200,000 |
CFC Financing | USD 1,500,000 (Loan) |
Counterpart Contribution | USD 600,000 |
Co-financing | USD 2,100,000 |
Year of Implementation | 2019 |
SDGs