KCB and USAid sign 100 million shillings funding for pastoralists

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KCB and USAid sign 100 million shillings funding for pastoralists


Herders in the Arid and Semi-Arid Lands of Kenya (Asals) will receive training and funding from the KCB Foundation as a result of its partnership with USAID. FILE PHOTO | NMG

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Summary

  • Much of northern Kenya is expected to be sunny and receive below average rainfall, according to the Kenya Meteorological Department.
  • According to experts, climate change is expected to increase the frequency and severity of droughts in the region.
  • The two-year partnership will mobilize 100 million shillings of funding for farmers through strategic partners with the aim of increasing funding to 500 million shillings.

Kenya’s Arid and Semi-Arid Lands (Asals) livestock keepers will receive training and funding from the KCB Foundation #ticker:KCB following its partnership with the United States Agency’s Kenya Investment Facility for international development.

The parties said in a statement on Thursday that the agreement will train and equip these farmers with “climate-smart agricultural practices to mitigate the adverse effects of climate change.”

Much of northern Kenya is expected to be sunny and receive below average rainfall, according to the Kenya Meteorological Department. According to experts, climate change is expected to increase the frequency and severity of droughts in the region.

The two-year partnership will mobilize 100 million shillings of funding for farmers through strategic partners with the aim of increasing funding to 500 million shillings.

The first year of the partnership will see KCB train bank staff on livestock finance. In addition, at least 50 livestock cooperatives and farmer groups will receive technical support to increase their productivity, the parties said.

USAID’s Kenya Investment Facility (KIM) will also support the design of “finance products tailored to livestock value chain actors” to improve lending to the livestock sector. and to provide links to other USAID programs that can improve the productivity of smallholder farmers.

“The partnership is aligned with our commitment to improve sustainable agricultural practices in Asals, improve their commercial viability and the livestock value chain by improving access to credit and markets, leading to better income opportunities” , KCB Foundation manager Caroline Wanjeri said in a statement. .

Due to climate change, the recurrence and intensity of droughts have increased in Kenya, particularly affecting the Asals, who now experience droughts almost every year.

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