| Updated Fri, February 3rd 2017 at 08:32 GMT +3Nairobi has been chosen for the establishment of the first foundation seed production company in sub-Saharan Africa. The firm mainly targets Small and Medium Enterprises (SMEs). African Agricultural Technology Foundation (AATF) Executive Director Denis Kyetere said QualiBasic Seed Company had received an initial five-year funding of $8.4 million (Sh865 million) from the Bill and Melinda Gates Foundation. The establishment of QBS, Dr Kyetere said, is a boon to both seed companies and small-scale farmers seeking access to a wider variety of certified quality seeds. “QBS will address the acute, technical, infrastructural and financial challenges encountered by seed companies,” he said.

Source: Standard Digital February 03, 2017 05:37 UTC