Kenyan govt plans $495mln+ agricultural investment in FY2020-21, down 11% from FY2019-20

The Kenyan government announced an investment of KSh52.8 billion (about $495.3 million) to boost the agriculture sector during the 2020-21 financial year starting July. The amount is 11% less than the KSh59.1 billion invested in the sector a year ago.

See the source image

The resources will be directed in irrigation programs, the purchase of inputs, and the promotion of good agricultural practices. This amount represents only 1.8% of total public expenditure, well below the 10% commitment made in Maputo in July 2003. And observers claim that this package is insufficient, considering the needs of the agricultural sector, whose main segment, horticulture, is suffering from the full impact of the coronavirus crisis with losses in export earnings. Also, the sector has to cope with the ravages of locusts, which threaten the harvest of staple foods and weaken the country’s food situation.

As a reminder, the agricultural sector accounts for 33% of GDP and employs more than 40% of the population. The Kenyan government last met the Maputo Declaration target in the 2011/2012 fiscal year.


GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

GFA’s must read weekend feature entitled Making Finance Work For Agriculture in Africa [Part 1] highlights Agriculture as a Wealth Creator in Africa, and explains how Unlocking Agriculture Value Chains could affect African economies. Read more

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button