Sharp Daily
No Result
View All Result
Thursday, April 9, 2026
  • 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

Kenya Allocates Kshs 42 Million to Boost Coastal Edible Oil Crop Farming

Joel Mugonyi by Joel Mugonyi
August 9, 2023
in News
Reading Time: 1 min read

The Kenyan Government’s State Department for Crop Development is set to invest more than Kshs 42.0 million in bolstering the cultivation of edible oil crops in the Coastal regions, including Mombasa, Kilifi, Taita Taveta, Tana River, and Kwale counties.

Phillip Kello Harsama, the Principal Secretary of the State Department for Crop Development, revealed the government’s strategy, which involves supplying 720 Metric Tonnes of certified sunflower seeds through e-voucher input subsidies. Additionally, 200 Metric Tonnes of diverse canola seeds, sunflower, and soya, alongside 10,000 coconut seedlings, will be provided. The initiative also includes disbursing Kshs 42.0 million in loans to 840 farmers across Kwale, Mombasa, Taita Taveta, Tana River, and Kilifi Counties under the National Edible Oil Crops Project.

Read more: Mombasa High Court Halts Policy Proposal to Remove 35.0% Duty on Refined Edible Oil

The Kenyan Government has allocated Kshs 134.0 million to the Edible Oil Crops Promotion Project in the fiscal year 2023/24.  This initiative seeks to involve county governments in utilizing the fund to acquire planting materials and enhance local farmers’ capabilities in producing edible oil crops. Despite Kenya’s annual edible oil consumption of over 900,000 metric tonnes, a mere 80,000 metric tonnes are sourced domestically.

RELATEDPOSTS

On December 9, 2025, the Central Bank of Kenya lowered its benchmark rate to 9.00 percent, its lowest since early 2023.

CBK holds base lending rate at 8.75 percent as global risks rise

April 9, 2026

Kenya’s smartphone demand falls 7.8% to 7.2 million units in 2025

April 7, 2026

This reliance on imports to cover up the huge deficit in supply, which accounts for more than 90.0 per cent of the country’s vegetable oils, costs around Kshs 100.0 billion. This financial burden persists despite Kenya’s inherent capacity to produce these oils domestically.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

The Relentless Depreciation of the Shilling…We Need a Circuit Breaker

Next Post

Moody’s Default Warning Dismissed by African Union Amid Kenya’s Bond Buyback Plan

Joel Mugonyi

Joel Mugonyi

Related Posts

News

Pump and Dump in the Age of Retail Investors: How Market Manipulation Is Evolving

April 9, 2026
Analysis

Kenya central bank pauses rate cuts amid inflation concerns

April 9, 2026
Analysis

Kenya private sector contracts as costs and demand weaken

April 9, 2026
News

The role of fiscal policy in shaping investment climate

April 9, 2026
News

Investing in commercial properties

April 8, 2026
News

Understanding overdiversification in investing

April 8, 2026

LATEST STORIES

Pump and Dump in the Age of Retail Investors: How Market Manipulation Is Evolving

April 9, 2026
On December 9, 2025, the Central Bank of Kenya lowered its benchmark rate to 9.00 percent, its lowest since early 2023.

CBK holds base lending rate at 8.75 percent as global risks rise

April 9, 2026

Kenya central bank pauses rate cuts amid inflation concerns

April 9, 2026

Kenya private sector contracts as costs and demand weaken

April 9, 2026

The role of fiscal policy in shaping investment climate

April 9, 2026

Investing in commercial properties

April 8, 2026

Understanding overdiversification in investing

April 8, 2026

How demographics influence property demand

April 8, 2026
  • 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