Kenya Development Corporation and United Green sign US$275 million MOU on Agri-food systems investments

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NAIROBI, Kenya Nov 29...The partnership will deliver agri-fin-tech services for rural communities, high productivity climate-smart farming and state of the art agro-processing facilities creating new markets for at least 100,000 rural households over the next five years 

The investment in partnership with Kenya development corporation (KDC) will adopt a development approach in the agri-food sector , which seeks to improve food security for Kenya and the region 

"Kenya needs a champion organization to provide leadership and prudent investment ,to develop inclusive , scalable, market based , environmentally sustainable and high productivity agri-food systems" said Rebecca miano, Cabinet secretary Ministry of Investment, Trade and Industry.

In addition the venture will reduce Kenya's dependance on importing food commodities by approximately $200 million annually thus reducing Kenya's trade deficit 

"At KDC we are commited to fostering resilience and adaptation across the agricultural sector , we countinue to closely work with the government of Kenya, development partners and private sector stakeholders to implement innovative solutions that will enable farmers to thrive in a changing climate" said Norah Ratemo , KDC Director General. 

The Agri-food investment will focus on four key strategic objectives which include Climate smart and sustainable farming, improved nunutrition, job creation focusing on women and youth , inclusive and demand driven consumer markets 

"The investment will support the Kenyan ggovernment's strong commitment to agricultural transformation will increase productivity and output , enhance livelihood as well as strengthening kenya's food security in the face of global threats" Reiterated Neil wigan, UK High commisioner 



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