Sharp Daily
No Result
View All Result
Thursday, October 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Government Hints At Insuring Fish Farmers After Massive losses

Domenic Ntoogo by Domenic Ntoogo
November 24, 2022
in News
Reading Time: 1 min read
Salim Mvurya

The government has revealed plans to commence an insurance policy for fish farmers to protect them from extreme losses in the event of calamities.

Mining, Blue Economy and Maritime Affairs Cabinet Secretary (CS) Salim Mvurya said he looks forward to engaging relevant authorities and willing partners to come up with the policy to ensure farmers get compensation whenever they encounter a loss.

“There is a need for targeted financial and insurance instruments to maximize the economic, social and environmental returns from the ocean and its resources,” said Mvurya.

Read: Fish Farmers In L. Victoria Lose Millions As Caged Fish Suffocate To Death

RELATEDPOSTS

The economic and environmental gains of Kenya’s LPG shift

October 8, 2025

Equities, Bonds, or Fixed Deposits?

October 7, 2025

Mvurya made the commitment after visiting some farmers who recently lost fish worth more than Ksh. 1 billion in Kisumu to a natural phenomenon.

Recognizing the government’s efforts to help the farmers get back on their feet, Mvurya added that a multisectoral team had been formed to establish the cause of the deaths as well as come up with a plan on how to address such occurrences.

The CS also expressed confidence that the government will revitalize fish farming through empowerment and other initiatives, saying that it is one of the ways the country can alleviate poverty among fishing rural communities.

“Harnessing the economic potential of Kenya’s aquatic resources is among the key interventions towards combating rural poverty, enhancing food security and strengthening the national economy,” Mvurya said.

Earlier this month, President William Ruto’s Cabinet approved the construction of a KSh. 1 billion aquaculture project in Kisumu to boost fish farming in the lake region and the country in general.

Email your news TIPS to editor@thesharpdaily.com

 

 

Previous Post

Cap On Land Ownership Now On Lands Ministry After Parliament Verdict

Next Post

NCBA Records Ksh12.8B In Net Profits

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025

LATEST STORIES

The economic and environmental gains of Kenya’s LPG shift

October 8, 2025

Equities, Bonds, or Fixed Deposits?

October 7, 2025

Kenya’s Inflation is creeping up, What it means for investors

October 7, 2025

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024