BUSINESSECONOMY

Idle Gov’t Land Up for Grabs – Here’s What You Should Know About New Lease Program

Share
The cabinet, chaired by President Uhuru Kenyatta, in May 2022 approved a policy on large-scale commercialisation of public land in a bid to boost food security and lower the cost of living. [Photo/ African Real Estate]
The cabinet, chaired by President Uhuru Kenyatta, in May 2022 approved a policy on large-scale commercialisation of public land in a bid to boost food security and lower the cost of living. [Photo/ African Real Estate]
Share

The government is set to publish a framework that will allow investors to lease idle land owned by government agencies and undertake large-scale commercial farming.

Agriculture and Livestock PS Harry Kimtai disclosed that the framework was complete, having been developed by a taskforce in conjuction with the Ministry of Lands. The move comes after the cabinet, chaired by President Uhuru Kenyatta, in May 2022 approved a policy on large-scale commercialisation of public land in a bid to boost food security and lower the cost of living.

The framework lays down guidelines for the allocation of leases to investors. Importantly, Kimtai disclosed that they would require investors to offer evidence of their financial muscle as well as their previous involvement in investment activities.

This, he explained, is meant to avert situations where the land may remain idle after being leased out.

“We are not going to discriminate on individuals who want to invest in these lands, however, the person has to show us proof of being an investor as well as having a certain amount of money to lease the farm,” Kimtai asserted.

READ>>10 African Countries Minting Maríjuana Millions

Among goverment agencies holding large tracts of dormant land are Kenya Railways, Kenya Broadcasting Corporation (KBC), Kenya Prisons and East African Portland Cement (EAPC).

The framework primarily aims to free up land for commercial production of crops such as maize, beans and vegetables for local consumption. At the moment, large scale commercial farming in Kenya focuses on cash crops such as tea, cofee and flowers for export.

The plan also aims to free up land in arid and semi arid areas to facilitate growth of pasture for livestock. This includes government owned land in Isiolo, Samburu, Mandera, Lodwar and Wajir.

Livestock losses due to drought conditions are among the biggest challenges faced by pastoralist communities.

“We want to bring in people who can use this land for the production of pasture so that the pastoralists will not have to move to other regions such as Ethiopia and Uganda in search of fodder,” Kimtai stated.

READ>>Rose Kimotho: Power Woman Who Built K24, Kameme & Why She Sold Them to The Kenyattas

Written by
MARTIN SIELE -

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Limuru tea shares
BUSINESSSTOCKS

NSE Lists Additional Williamson, Kapchorua Shares: The Game Plan

NSE (Nairobi Securities Exchange) has announced the admission of additional ordinary shares...

Food Prices had a mixed movement in October
BUSINESSECONOMYFEATURED STORY

Kenya Monthly Inflation Rate Up 0.2% in October

Kenya Consumer Price Index(CPI), which measures change over time in retail prices...

KenGen has been a target of speculative activity at the NSE
BUSINESSECONOMYFEATURED STORYMARKETSNEWSSTOCKS

KenGen Records an End-Year Net Profit of 10.5 Bn

KenGen (Kenya Electricity Generating Company), the state-owned listed power generator has posted...

Equity Bank CEO Centre Dr James Mwangi with other top bank officials during the Q3 Results Briefing
BUSINESSFEATURED STORYNEWS

Equity Group Third Quarter Net Earnings Up 32% to KSh 54.1 Bn

Equity Group Holdings Plc net earnings for the period ended 30th September...