Kenya’s Gachagua rallies sound strategies to re-engineer food systems financing
Kenya’s Deputy President Rigathi Gachagua has rallied African countries to step up financing towards food systems to tackle the hunger crisis that continues to affect over 10 million vulnerable groups. Gachagua was speaking at the High-Level Session on Financing Food Systems Transformation at Food and Agriculture Organization (FAO), Rome, Italy.
Mon, 24 Jul 2023 15:41:48 GMT
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AI Generated Summary
- The implementation of a bottom-up economic transformation agenda in Kenya, including a 10 billion Kenya shillings fund for the 'hustler nation', has improved financial inclusivity and access to credit for farmers.
- The focus on financial inclusivity has led to enhanced agricultural productivity, enabling farmers to produce sufficient food and increase their yields.
- Africa faces challenges such as armed conflict, terrorism, and climate change, emphasizing the need for international collaboration and financial support to ensure food security and surplus for export.
Kenya’s Deputy President Rigathi Gachagua has called on African nations to boost their financing efforts towards food systems to address the hunger crisis affecting over 10 million vulnerable groups. Speaking at the High-Level Session on Financing Food Systems Transformation at the Food and Agriculture Organization (FAO) in Rome, Italy, Gachagua emphasized the need for a robust strategy to re-engineer food systems financing. He highlighted his administration's focus on financial inclusivity and the implementation of a bottom-up economic transformation agenda. One of the key initiatives introduced is a 10 billion Kenya shillings fund for the 'hustler nation', comprising ordinary individuals who play a significant role in food production. By providing access to affordable credit, farmers can now purchase inputs and certified seeds, leading to improved agricultural productivity. This approach aims to ensure that individuals at the grassroots level are actively involved in food production to enhance food security and support educational opportunities for children.
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