• May 20, 2024
  • Last Update May 20, 2024 3:05 PM
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Deputy Governor asks Banks to develop products favourable to farmers to boost food security

Deputy Governor asks Banks to develop products favourable to farmers to boost food security


Tuesday April 16, 2024,

KNA by Linet Wafula

Nandi Deputy Governor Yulita Mitei has urged banking institutions to develop products that are favourable to farmers to boost food security.

Speaking at Kapsabet showground during a two-day Business Trade Expo organised by Chamber of Commerce in conjunction with Nandi County Government, Dr Yulita Mitei said the county administration has invested heavily in the agriculture sector calling on banks to emulate the same to make Nandi a bread basket of the Country.

She said financial institutions can provide savings and deposit account designed for farmers with features like low or no minimum balance requirements and easy access to funds.

These accounts can help farmers build financial stability and plan for future investment.

“We welcome investors to work with the county government to operationalise various flagship projects like Dairy plant in Kabiyet, Coffee milling plant in Tinderet, chicken processing plant in Kapsabet town, Nandi textile unit in Mosoriot among others. We are willing to engage with them, be the link so that we can exploit the big potential in Nandi,” she said.

The Deputy governor said Trade Expo play a crucial role in nurturing business by offering valuable network opportunities, presenting innovative products and services and facilitating knowledge exchange among industry participants.

She said there is need to create a strong environment that supports the growth of local enterprises adding that value addition is the way to go Dr Mitei assured exhibitors that the county government is going to assist them through the established E-commerce platforms to sell their products, connect them with sponsors in business sector and banking institutions for financial support.

“We endorse initiatives such as the Trade Expo, acknowledging their importance in promoting economic growth and cultivating a dynamic business community. We express gratitude to the sponsors who have contributed their resources to make this event a success. We also extend our thanks to the exhibitors for their significant turnout to showcase their products and services,” she said.

The chairperson of Nandi Chamber of Commerce and Industry Elly Chepkwony said the expo was meant to connect and support Micro, Small and Medium Enterprise’s sector with opportunities, potential investors, mentorship, valuable resources and empowerment to scale up their business.

Courtesy; KNA

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