{"id":160433,"date":"2026-04-16T15:31:09","date_gmt":"2026-04-16T15:31:09","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-bets-on-sh7-2bn-plan-to-fix-agriculture-finance-system"},"modified":"2026-04-16T16:22:37","modified_gmt":"2026-04-16T16:22:37","slug":"kenya-bets-on-sh7-2bn-plan-to-fix-agriculture-finance-system","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-bets-on-sh7-2bn-plan-to-fix-agriculture-finance-system","title":{"rendered":"Kenya Bets on Sh7.2Bn Plan to Fix Agriculture Finance System"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong> <\/span>Kenya plans to overhaul its agriculture financing, by shifting from financing farmers individually with the state instead working through 100 financial institutions to expand agricultural lending.<\/p>\n

The strategy marks a clear departure from traditional development models that focus on lending directly to farmers.<\/p>\n

In its Micro Enterprises Support Programme Trust 2026\u20132030 Strategic Plan, the state will mobilise Sh7.2 billion for smallholder farmers and agri-businesses.<\/p>\n

The plan is not anchored on direct lending, but on rebuilding the financial system that serves the sector.<\/p>\n

In the strategic plan, MESPT is positioning itself as a catalyst within the financial ecosystem, working through 100 financial institutions, including SACCOs, microfinance institutions and banks to expand agricultural lending at scale.<\/p>\n

\u201cBy partnering with last-mile institutions and mobilising blended capital, we seek to transform structural barriers into pathways for growth,” said Micro and Small Enterprises CEO Henry Rithaa.<\/p>\n

She said this will drive over Sh7.2 billion in inclusive finance, create 100,000 jobs and income opportunities and embed climate resilience across communities.<\/p>\n

This system-wide approach is designed to tackle one of Kenya\u2019s most persistent economic gaps.<\/p>\n

While the country is often seen as a global leader in financial inclusion, with 84.8 per cent of adults accessing formal financial services, much of that access is driven by mobile money and short-term digital loans that are poorly suited to agriculture.<\/p>\n

The strategic plans points out that farming requires long-term, patient capital, yet most available credit is short-term and consumption-based.<\/p>\n

The result is a structural mismatch that continues to limit investment, productivity and growth in a sector that employs a majority of Kenyans.<\/p>\n

Despite contributing more than 25 per cent of GDP and employing millions, agriculture receives less than five percent of total bank lending, even as Kenya spends around Sh250 billion annually on food imports.<\/p>\n

By strengthening financial institutions to better understand agricultural risk, design tailored loan products and manage portfolios, the programme aims to unlock sustainable flows of capital into the sector.<\/p>\n

\u201cThe expectation is that improving the capacity of lenders will have a multiplier effect, attracting additional funding beyond the initial Sh7.2 billion,\u201d said Rithaa who spoke on behalf of CS Wycliff Oparanya.<\/p>\n

By 2030, MESPT expects to reach 500,000 farmers, with 250,000 accessing agri and green finance, while also supporting SMEs and cooperatives that form the backbone of agricultural value chains.<\/p>\n

\u201cThe broader economic impact is expected to be significant, with projections of 100,000 jobs and income opportunities created across farming, processing and related industries,\u201d the report states.<\/p>\n

According to a 2025-26 quarter one Central Bank Report, SACCOs have emerged as the leading source of farm financing, with their share of borrowers rising sharply to 44 per cent from 19per cent in July.<\/p>\n

Find more news and analyses on Kenya<\/span> on the Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya plans to overhaul its agriculture financing, by shifting from financing farmers individually with the state instead working through 100 financial institutions to expand agricultural lending. The strategy marks a clear departure from traditional development models that focus on lending directly to farmers. In its Micro Enterprises Support Programme Trust 2026\u20132030 Strategic […]<\/p>\n","protected":false},"author":84,"featured_media":160432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[544],"class_list":["post-160433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-kenya"],"yoast_head":"\nKenya Bets on Sh7.2Bn Plan to Fix Agriculture Finance System - kenya<\/title>\n<meta name=\"description\" content=\"-article-header-tag"> Africa-Press - Kenya. 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