In order to accelerate Kenya’s economic and social transformation, President William Ruto has pushed for stronger bilateral commercial engagement between the US and Kenya. He expressed excitement about developing new connections and strategic alliances with the American business community.
President Ruto has urged American entrepreneurs to invest in Kenya’s agricultural industry, particularly in the production of fertilizer. The head of state outlined how having access to fertilizer will benefit the nation’s long-term food production and cut living expenses.
This comes after the National Treasury set aside Ksh3.55billion fertilizer subsidy following President Ruto’s directive, to avail 1.4 million bags to the National Cereals and Produce Board (NCPB) on Monday, September 19 through the Ministry of Agriculture.
NCPB depots and sub-depots in the country received 1.4 million bags of fertilizer at a cost of Ksh3,500 each 50Kg bag from the current Ksh6,500 to combat the high-cost producers in the farming sector incur.
Read: State Sets Aside Ksh3.5 Billion For Fertilizer Subsidy
As he expressed his confidence in the potential of the economy, Ruto, who is now attending the United Nations General Assembly (UNGA) meeting in New York, emphasized that Kenya has established itself as a centre of investments. He was also a special guest at the Africa Investment Partnership Forum, hosted by the United Nations Development Program, the main topic of discussion being Moving Africa from aid to investment.
Before travelling to the United States for the UNGA session, Ruto left Kenya early on Sunday in order to attend Queen Elizabeth’s funeral on Monday, September 19, in Westminster, the United Kingdom. Along with his wife Rachel Ruto, he was accompanied by Senator Kipchumba Murkomen, MP Ndindi Nyoro, and Chief Administrative Secretary for Foreign Affairs Ababu Namwamba, among other close allies.
The Kenya Kwanza leader is expected to deliver his first statement this evening, September 21, at 9 pm (EAT) at the UN event focusing on recent concerns including climate change.
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