Government Gets Additional 2.5M EURO from German Government
Government Gets Additional 2.5M EURO from German Government for Irrigation
The Government has signed an additional Euro 2.5M financing agreement with Equity Bank and the German Government through the KFW, to support over 6000 small scale farmers in the country to establish irrigation schemes.
The signing of the amended subsidiary financing agreement was signed between CS National Treasury and Planning Prof. Njuguna Ndung’u, Equity Bank Managing Director/CEO James Mwangi German Ambassador to Kenya Sebastian Groth, and CS Water,Sanitation and Irrigation Hon. Alice Wahome.
Speaking today during the signing, National Treasury and Planning CS Prof. Njuguna Ndung’u said the additional blended financing will scale up irrigation activities to address food security in the country.
He said the government is keen on developing and protecting markets to generate income, hence the need to establish self sustaining, resilient and climate smart off budget /off debt projects.
The loan will see over 1500 farmers in Embu, Tharaka Nithi and Kirinyaga counties get loans to construct five irrigation projects to cover 1300 acres of land under irrigation.
English
Arabic
Chinese (Simplified)
Chinese (Traditional)
Dutch
Filipino
French
German
Greek
Hebrew
Hindi
Italian
Japanese
Javanese
Portuguese
Russian
Samoan
Spanish
Sudanese
Swahili