Sweden donates KES 5 billion to Kenya
14 June 2013, 13:32
The Swedish government has donated KES 5.086 Billion to the Agriculture Sector Development Strategy (ASDS) programme which envisions Kenya as a food secure nation.
The programme also focuses on transforming the Kenyan agriculture sector into a commercially oriented, competitive and modern industry with increased and equitable incomes.
Swedish Ambassador to Kenya Johan Borgstam said that Kenyan government has contributed KES 1 billion and out of their commitment, KES 3.854 billion will be dedicated to the programme’s implementation.
Johan disclosed that more than KES 1.2 billion has already been committed as credit guarantee with a local commercial bank and three microfinance institutions to enhance the lending portfolio in the sector.
He was addressing farmers during a farmers’ exhibition in Nyeri County where he urged the government to develop lasting and sustainable solutions to the challenges facing agriculture.
In regard to the fund, Johan said his government is committed in honoring their part of the programme and called for mutual accountability by ensuring the funds are used appropriately.
“It is our desire that zero tolerance to corruption will be observed in the course of implementation of this programme, a desire we seek the Kenyan government to be supportive in its fulfillment,” said the Ambassador.
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