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September 28, 2020


Agribusiness in one place

Kenya secures a Sh10 billion loan from India to improve agricultural productivity

2 min read

Kenya has secured a Sh10 billion loan from India to improve agricultural productivity. President Uhuru Kenyatta who was in India for the 8th Gujarat Global Summit held bilateral talks with Prime Minister Narendra Modi in New Delhi. During the summit, Kenya entered into a number of agreements and signed Memorandum of Understanding (MoUs) with India. “We are collaborating to raise agriculture productivity in Kenya. The line of credit of Sh10billion signed for agriculture mechanisation will help in this venture, but we have also opened a new dimension to up our engagement,” said Modi. Uhuru also asked for India’s help to train more medical practitioners.

It would be in the interest of farmers to know how this money will be utilized so as to benefit small holder farmers who feed the economy. Also read: calls for Africa governments to treat farmers as enterpreneurs

“I did request the PM for further scholarships in areas such as medicine, pharmacy, dentistry and ICT, which are relevant to our National government priority areas,” he said. The leaders discussed various issues that threaten the stability of the two nations. Of concern was the provision of quality healthcare, education, agricultural productivity, security, Tourism, energy and ICT. “We believe in democratic values and developmental priorities. Our discussions today reviewed the full range of our relationship. During my visit to Kenya last year, we had recognised deepening of our relations and one of the key focus areas of our efforts,” said Modi. The PM emphasized that expansion of bilateral trade, greater flow of capital between the two economies and stronger development partnership as cornerstones for enhanced ties.

Also read: Agricultural commodities prices

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