AGRICULTUREBUSINESS

Kenya launches KSh 1.081 trillion (US$8.4 billion) 5-Year Agri-food investment plan

Share
JONATHAN MUEKE, PRINCIPAL SECRETARY, STATE DEPARTMENT FOR AGRICULTURE
JONATHAN MUEKE, PRINCIPAL SECRETARY, STATE DEPARTMENT FOR AGRICULTURE
Share

Kenya’s Ministry of Agriculture and Livestock Development has unveiled an ambitious National Agri-food Systems Investment Plan (NASIP) 2026-2030, a KSh1.081 trillion (about US$8.4 billion) investment framework aimed at guiding agricultural development over the next five years.

The plan was launched during the Financing Agri Food Systems Sustainably (FINAS) Summit 2026 in Nairobi as part of the second phase of the Agricultural Sector Transformation and Growth Strategy (ASTGS 2019-2029).

According to Principal Secretary Jonathan Mueke, the investment framework is intended to strengthen food security, modernise agricultural value chains, expand irrigation, increase farmer incomes, create more than two million jobs, and position Kenya as a regional hub for Agri-food investment.

“I am equally proud that the 2026 FINAS Summit provides the platform for the official launch of the National Agri-food Systems Investment Plan (NASIP 2026-2030). At the heart of NASIP is a fully costed investment framework of KES 1.081 trillion over the next five years,” Mueke said.

He said the Government of Kenya and county governments are expected to provide 35 per cent of the investment, the private sector 45 per cent, and development and bilateral partners the remaining 20 per cent.

The launch coincided with discussions on implementing the Comprehensive Africa Agriculture Development Programme (CAADP) Kampala Declaration and its 2026-2035 strategy, which focuses on sustainable food production, agro-industrialisation, trade, investment, climate resilience, and food systems governance.

The summit also examined blended finance, climate-smart investment pathways, and financing models for agri-food systems, alongside country case studies from Kenya, Nigeria, and Ethiopia.

Delegates reviewed tools including the Food and Agriculture Organization’s Monitoring and Analysing Food and Agricultural Policies (MAFAP) expenditure reviews and the World Bank and IFAD Financial Flows to Food Systems framework to identify financing gaps and encourage public and private investment.

The event also included discussions on expanding demand-driven agricultural finance, with participants highlighting the role of financing models that support growers, agri-food businesses, and agricultural value chains.

Written by
JACKSON OKOTH

Jackson Okoth writes for Business Today. He specializes in capital and money markets, energy sector, manufacturing, real estate, co-operatives sector, technology and agriculture. He can be reached on email at editor [at] businesstoday.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
SanlamAllianz Life Insurance
SMART MONEY

SanlamAllianz Life Insurance Launches Wealth Building Cover

New savings and life insurance solution offers guaranteed maturity benefits, flexible income...

Safaricom CEO Peter Ndegwa
NEWS

Safaricom Makes Big Cuts on M-PESA Merchant Charges from this August

Safaricom Plc has made huge cuts on its Pochi La Biashara where...

BUSINESS

Airtel Kenya Picks New Board Chairman and Managing Director

Airtel Networks Kenya Limited has made significant change to its C-Suite and...

CBK headquarters in Nairobi
BUSINESS

CBK Reopens Three Infrastructure Bonds Seeking KSh 150Bn

CBK (Central Bank of Kenya) has launched one of its largest Treasury...