M a r k e t N e w s

Agricultural Sector in Kenya to Receive a Boost

Posted on : Friday , 13th October 2017

 Kenyan President Uhuru Kenyatta has revealed his plan for improving food security and also measures to assist farmers with issues regarding climate change and drought.

The president has also revealed that the government will spend as much as Sh 6 billion on purchasing maize from farmers under the conditions of the food security reserve in 2017/18 season. This will be done to see that the prices of flour remain affordable throughout and to fight hunger.
The government has also reduced the price of planting fertilizer to Ah 1200 for a 50kg bag.
He made these remarks at the Nairobi International Trade Fair stating that these changes are part of his administration’s agenda to keep a steady flow of food available at prices that are affordable to the common man.
Kenyatta also announced the theme for this year’s edition of the Agriculture Society of Kenya which will be “Promoting Innovation and Technology in Agriculture and Trade”.
The government will also be spending Sh300 on fighting the Fall Armyworm and also other programs for livestock and crop insurance, to shield farmers from the adverse impacts of climate change
A 50 percent subsidy in premium payments for crop insurance will also be put in place.
Around 243,000 farmers have already subscribed to the scheme in 10 pilot counties in 2016 and 2017. Those being Bungoma, Embu, Migori, Nakuru, Uasin Gishu, Trans Nzoia, Kirinyaga, Meru, Kwale, and Kilifi.
Kenyatta and his administration aim to cover five million farmers across 31 countries by 2022.
President Kenyatta has also signed an agreement with the Equity Bank to allow farmers access to funds at a rate that is reasonable to them. 
The government also has an agreement in place to back loans of up to Sh300 million, with the bank lending Sh20 million at an interest rate of 12 percent. 
Another has also signed another partnership with the International Fund for Agricultural Development through the Agricultural Finance Corporation to help small-scale farmers’ easier access to credit.
Kenyatta also identified Germany, China, Russia, Japan and the United States to diversify the tea market.

Source : Business News Africa
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • Rasna soft drink and beverages
  • TITAN Containers A/S

Complete List  

Advertisers in previous issue:

  • Dairy Products,Beverages,Ice Creams;etc.
  • Magazine
  •  The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Kitchen Equipment
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  •  Richfield Industries is a part of one of the fastest growing industrial and services conglomerate with projected turnover of Rs.1000 crore.
  • Dairy Products
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • Afronutri Ltd is an intermediary supplier of end consumer baby food   products selling directly to retails and wholesalers as well as hospitals and pharmacies.
  • We Can Help You Find the Right customers for our Equipment, chemicals, ingredients, Packaging 7 Services in Africa.
  • Symega is a reliable producer of food ingredients and has supplied to many of the finest food processors in different parts of the world.
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • Hotel and restaurent
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • Gateway to Global Food B2B Marketplace
  • Wide Range of Food Products.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  • Wide Range of Kitchen Equipments.
  •  International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2017 Afrotrade