Kenya has received a Sh7.48 billion loan from the African Development Bank (AfDB) to support fertiliser and seeds acquisition for 650,000 local farmers to boost food production and control consumer price inflation. The loan is part of the AfDB’s $1.5 billion (Sh177 billion) African Emergency Food Production Facility, an Africa-wide initiative to avert a looming food crisis exacerbated by the war in Ukraine.
“The loan ($63 million) will support the country’s Ministry of Agriculture, Livestock, Fisheries and Cooperatives,” said AfDB in a statement…BusinessDaily