Sharp Daily
No Result
View All Result
Friday, August 15, 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

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

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

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

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

The rise of ESG investing in Kenya: A shift toward sustainable finance

August 14, 2025

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 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