Kenya Industrial Estates (KIE) will boost food security in the country through increased funding of agro-processing industries across all counties.
Speaking during a Board of Director's tour of projects funded and incubated by the parastatal in Mount Kenya Region, acting Chairman Mr. Bob said the state corporation will increase financing enterprises that work in adding value to animal products, cereals, grains, nuts and vegetables.
"Government support through finance provision for local agro-processing enterprises holds the key to food security and Kenya's self-sustenance" said Mr. Karina.
KIE's Managing Director Dr. Parmain ole Narikae said support to the agro processing industry will create more employment opportunities.
"Agriculture is a major contributor to country's GDP. When this is combined with the employment in the value chain, the impact of the sector could increase significantly", said Narikae.
READ MORE
Farm that sees further: Foresight chooses feathers over cattle horns
New IGAD framework seeks to transform agrifood systems in the region
Poor skills, financing sink MSMEs
How Absa aims to cut over-reliance on Kenya as it eyes diversification
With its network of 37 branches, KIE incubates and finances SMEs country-wide and therefore plays an important role in the realisation of the manufacturing pillar, one of the Government's big- four agenda.