Financing agri-SMEs can boost Kenya’s agricultural production

People learn various ways of establishing smart farming units within their homesteads at the National Irrigation Authority Stand during the 2023 Agriculture Society of Kenya (ASK) Mombasa International Show on September 7, 2023.

Photo credit: File | Nation Media Group

With the long rains here, now is a good time to talk about financing the agricultural sector. Insufficient funding hinders the sector from unleashing its true transformative potential.

Despite agriculture accounting for 34 percent of the economy, generating about one out of 10 formal jobs, the sector receives minimal funding.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.