Ruto signs 500,000-acre land deal with World Bank
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President Ruto signs a 500,000-acre land deal with World Bank to solve the food crisis in the country
President Ruto signs a 500,000-acre land deal with World Bank to solve the food crisis in the country.
On Monday, June 5, PS Kello Harsama of the State Department for Crop Development revealed the Kenyan Government had signed a deal with the International Finance Corporation (IFC) to address the nation’s food crisis.
The IFC, a member of the World Bank Group, promotes the development of the private sector, the creation of jobs, and the eradication of poverty in Africa.
The PS stated in a statement that the Ministry of Agriculture has signed over 500,000 acres of land as part of the agreement for the Land Commercialization Initiative (LCI) to be implemented in Kenya.
“On behalf of the Ministry of Agriculture and Livestock Development, I signed a cooperation agreement with the International Finance Corporation (IFC) for the implementation of the Land Commercialization Initiative (LCI) in Kenya.
“Through this initiative, over 500,000 acres of land will be made available to the private sector to help address the food security issue currently facing Kenya,” Harsama stated.
Further, he noted that the Land Commercialization Initiative (LCI) was a project aimed at making use of unutilized land in the country for food production.
The PS stated that the government was opening up the land to the private sector for commercial agricultural production.
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“The LCI is a project aimed at opening up underutilized public land to the private sector for commercial agricultural production.
“It represents a significant milestone in the country’s efforts to improve food security and agricultural productivity,” added the PS.
To ensure adequate availability of food products in the country, On May 24, the government announced plans to import 180,000 tonnes of sugar even as the price of the commodity continued to increase.
While making the announcement, Agriculture Cabinet Secretary (CS) Mithika Linturi stated that the decision was reached despite the expectation of the millers in the country to provide sufficient sugar for consumption.
He added that the government had made a decision to import outside the Common Market for Eastern and Southern Africa (COMESA).
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