Kenya earmarks additional $53.97mn in subsidies for farmers
The Kenyan president’s office has announced that the country’s government has raised its budget for fertilizer subsidies, and that, as a result, food production could be set to increase.
It said in a press release that President William Ruto signed a bill into law on Thursday which will ensure that an extra $53.96mn (8.25bn Kenyan shillings) is spent on helping farmers to purchase fertilizers.
The president’s office added that, in order to keep maize prices stable and reduce losses, $13.7mn (2.1bn Kenyan shillings) has been set aside for post-harvest management.
It also noted that $26.1mn (4bn Kenyan shillings) will be spent on revitalizing the country’s coffee industry.
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