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AfDB said its board had approved the funding, adding that the production increase will help bolster Kenya’s food security and economic resilience.
The loan is part of the African Development Bank’s $1.5 billion African Emergency Food Production Facility, an Africa-wide initiative to avert a looming food crisis exacerbated by the war in Ukraine.
Kenya: AfDB approves a $63 million loan to increase cereals and oilseed production
The loan will support the country’s Ministry of Agriculture, Livestock, Fisheries and Cooperatives (MoALFC). It will enable the government to provide affordable fertiliser and seeds to farmers ahead of the October-December 2022 short rains and into the 2022/2023 long rains crop production season.
Dr Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development, said the successful implementation of the Facility would see some 650,000 farmers as direct beneficiaries, resulting in the production of 1.5 million tonnes of cereals and oilseeds.
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