- A new World Bank loan that will be channelled to various agriculture value chains is being negotiated between Kenya and the World Bank.
- The loan is expected to be approved within the next two months. Currently, the World Bank funding for various projects in the sector stands at $500 million
A new World Bank loan that will be channelled to various agriculture value chains is being negotiated between Kenya and the World Bank. Vinay Kunar Vutukru, a senior agriculture economist with the bank, revealed that the financial assistance to the tune of $200 million is meant for supporting various development projects to improve food security in the country. The loan is expected to be approved within the next two months. Currently, the World Bank funding for various projects in the sector stands at $500 million (Sh56.8 billion).
A five-year migration and invasive pests and weeds management strategy (2022-2027) was launched in Nairobi recently. Desert locust invasion in Kenya in 2019 ravaged thousands of acres of farms creating a food crisis. The agriculture Ministry of Kenya with the support of the Food and Agriculture Organisation and the World Bank spearheaded the development of the Strategy for Management of Migratory and Invasive Pests.
Agriculture Cabinet Secretary Peter Munya said the crisis caused by the locust invasions called for a well-coordinated, multi-sectoral and multi-stakeholder approach for migratory and invasive pest’s management. He added that the strategy has identified seven priority pillars for a comprehensive migratory pest management system and will provide a platform for a coordinated collaborative approach.
