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Tuesday, February 27, 2024

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Ruto receives 1.5B from the US after securing Ksh 38B loan from India

US disburses Ksh1.5 billion (USD 10 million) for Kenya and Ghana to boost agricultural productivity, particularly within soil fertility.

In a statement from the Food and Agriculture Organisation of the United Nations (FAO), it was revealed the projects will promote climate-smart agriculture and adaptation measures as well as resilient crops.

“The additional funding from the United States will bring the benefits of this project to smallholder farmers and communities in the two countries,” remarked FAO Deputy Director-General Maria Helena Semedo.

She added that the funds will also underline the vital role that healthy and fertile soil plays in building resilience to the impacts of climate change.

Meanwhile, the US emphasized that locals in Kenya and Ghana will benefit from the funding. 

Farmers will also receive technical assistance to improve soil fertility through the efficient use of fertilizer and water.

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The US aims to enhance soil fertility by employing various techniques such as comprehensive soil sampling and robust analysis of soil samples in laboratories.

“Central to the effort is the mapping of soil nutrients and functional soil properties at a detailed level through well-designed soil survey and analysis, as well as developing techniques to monitor them over time,” read part of the statement.

The funding comes after President William Ruto secured a Ksh38.3 billion loan from the Indian government earmarked for the modernization of the country’s agricultural sector.

President William Ruto who is currently on a 3-day State visit to India, signed 5 Memorandums of Understanding (MOUs) with Indian Prime Minister Narendra Modi. 

The agreements cover various economic sectors, including Trade, Agriculture, Security, and Foreign Relations.

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