KCB, USAid Sign Sh100m Funding For Livestock Farmers – Kenya

0 44

Much of northern Kenya is forecast to be sunny and receive below-average rainfall, Kenya Meteorological Department says. Climate change is expected to increase the frequency and severity of droughts in the region, according to experts.
The two-year partnership will mobilise Sh100 million in financing for the farmers. This will take place through strategic partners with a goal of growing the funding to Sh500 million.

Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation. KCB following its partnership with the United States Agency for International Development’s Kenya Investment Mechanism.

The first year of the partnership will see KCB train bank staff on livestock financing. Additionally, at least 50 livestock co-operatives and farmer groups will receive technical support to increase their productivity, said the parties.

Due to climate change, the recurrence and intensity of droughts have increased in Kenya, particularly affecting the Asals, which now experience droughts almost annually.

Leave A Reply

Your email address will not be published.

%d bloggers like this: