Sharp Daily
No Result
View All Result
Sunday, October 19, 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 Investments

The Government Plans to Lease its Idle Land to Increase Food Production in the Country

Patricia Mutua by Patricia Mutua
July 4, 2023
in Investments
Reading Time: 2 mins read
Courtesy of mol.co.jp

Courtesy of mol.co.jp

The State Department for Crops Development Principal Secretary (PS), Kello Harsama, has stated that the government is prioritizing leasing out large parcels of land owned by the government under parastatals and other organizations to both local and international investors. This is meant to increase food production for both local consumption and exports through the implementation of the Land Commercial Initiative (LCI), which in turn will help bridge the food deficit in the country.

Read more: Kenya Aims to Boost Agricultural Sector, Reduce Number of Food-Insecure Kenyans by 50%

The PS highlighted the recent drought in the country as the main motivation for the LCI route. He stated that the strategy was to turn 500,000 acres out of the 2.5 million acres of idle arable held by parastatals into agricultural production to help bridge the food deficit in the country, which stood at 7.8 million bags of maize as of 2022, against the food demand in the country, which is currently estimated at 67 million bags of maize as of 2022. The government also plans the construction of over 100 mega-dams across the country to support irrigation agriculture as part of the strategy.

Read more: Kenya Offers 100 Dams to Private Investors in Water Security Initiative

RELATEDPOSTS

No Content Available

The government has prioritized Egerton University, GalanaKulalu, Bura Irrigation Scheme, Delta Irrigation Scheme, Masinga Farm, Tana Delta Irrigation Project, and Kimabere Farm in Phase 1 of the project.

Further, the government is prioritizing sustainable farming practices to ensure food security and cushion climate change shocks. The PS has echoed that agriculture is hugely vulnerable to climate change, where farmers bear the impact of irregular, insufficient, and unpredictable rainfall patterns. He also stated the importance of soil testing, which would dictate the right fertilizers, thus helping increase yields by up to 150%.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya International Trade Exhibition (KITE) 2023: A Gateway to Opportunities

Next Post

Increase in Vehicle Import Duty To 35.0% Expected to Dampen Demand of Imported Cars to Kenya

Patricia Mutua

Patricia Mutua

Related Posts

Investments

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025
Investments

EABL to redeem KES 11.0 billion medium-term notes ahead of schedule

October 14, 2025
Investments

Kenya’s 2028 Eurobond Buyback marks a turning point in debt management

October 14, 2025
Investments

Kenya shifts to bond financing for SGR and JKIA expansion

October 13, 2025
Investments

Kenya Pipeline IPO deadline extended to 2026 and what it means for the Privatization Agenda

October 9, 2025
Analysis

Valuation multiples

October 9, 2025

LATEST STORIES

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025

Understanding Segregated vs Guaranteed Pension Schemes

October 16, 2025

The Sanlam-Jubilee deal

October 16, 2025

Kenya’s industrial real estate awakening

October 16, 2025

Stanbic Kenya in advanced talks to acquire NCBA: A game-changer in Kenya’s banking sector

October 16, 2025

CBK flags surge in financial fraud as losses triple to KES 1.6 billion

October 15, 2025

StanChart Kenya retirees face fresh legal stalemate over KES 7.0 billion pension payout

October 15, 2025

U.S. bank earnings take center stage amid government data freeze

October 15, 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