Kenya set to receive another Sh25 billion loan from World Bank


Share post:

The World Bank will give Kenya Sh22.7 billion to support projects that will improve food security in the country.

According to Vinay Kunar Vutukru, an Agricultural Economist at World Bank, there are negotiations between Kenya and the financier towards the advancement of the to be channeled into improvement of agriculture value chains in the country.

“We are currently in talks with the government with a view to continue our support to the agriculture sector to enhance food production,” said Vutukru during the launch of a five-year Migration and Invasive Pests and Weed Management Strategy 2022-2027 in Nairobi.

The World Bank is currently funding various projects in the agricultural sector valued at sh56.8 billion, and Kenya is expected to receive the new loan within the next two months.

Austine Ogalo
Austine Ogalo
Lake Region Bulletin is your one stop multi-media platform for news and stories from the Lake Region counties of Kisumu, Siaya, Homabay ,Migori, Siaya, Kissi,Nyamira, Vihiga, Kakamega, Busia, Bungoma, Trans Nzoia, Nandi, Kericho and Bomet


Please enter your comment!
Please enter your name here

Related articles

MESHA transforming newsrooms through Mobile Journalism mentorship

Twenty-three more journalists have benefited from Mobile Journalism skilling project by the Media for Environment, Science, Health and...

Media best placed to tame vaccine hesitancy in Kenya, experts say

Misinformation remains one of the main factors contributing to vaccine hesitancy in Kenya. Stakeholders in the health sector say...

LIBOI: Nairobi artist who sings for Lake Victoria

For ages, Lake Victoria, the world’s second-largest fresh water lake has been choking due to aggravated human-related (anthropogenic)...

It is 1, 200 units for new Kisumu’s Anderson housing project

The once dilapidated Anderson Estate is set for a facelift with 1, 200 modern units. The 15-storey Anderson Housing...