Kenya’s quest to grow its agricultural sector has received a major boost after Poland extended a Kshs.10.5 billion soft loan for procurement of equipment.
National Treasury Cabinet Secretary Mr. Henry Rotich said the concessionary loan would be used to obtain equipment for meat and milk processing, embryo transfer, veterinary, grain storage silos, horticulture and mobile grain dryers from Poland.
The loan, which attracts 0.7 per cent interest, has a five-year grace period and will be paid over 25 years.

Speaking during the loan signing ceremony at Treasury building Nairobi, Mr. Rotich said mechanization of the sector through this project is a very important step towards increasing food production in the country, adding that the project would cascade to counties and boost jobs creation.
Poland ambassador to Kenya Mr. Marek Ziolkowski said the credit line would help sharpen the country’s competitive edge in agribusiness and improve its current account.
“We are happy to be Kenya’s partner in agriculture modernization”, said Mr. Ziolkowski.
Principal Secretary Prof. Fred Sergon who was representing the Ministry of Agriculture, Livestock and Fisheries, blamed losses of farm produce on poor storage and poor breeds with low yields.
Other equipment to be supplied include honey processors and liquid nitrogen plants.

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