Coffee farmers get Sh3 billion support from GovernmentCoffee farmers’ fortunes are set to change for the first time in decades of misery after the Government announced a new fund for lending to support their activities. Speaking at the opening of a one-week forum bringing together coffee farmers and experts around the world to meet for the first time in Nairobi, President Uhuru Kenyatta reiterated his commitment to reviving the sector through a raft of far-reaching measures. “Coffee is a cash-crop that provides livelihoods to millions of persons in coffee growing and exporting countries,” he noted, adding that whole communities and even national economies can be immeasurably better off because of coffee. Additionally, the President announced that the State has as of this year set up a Sh3 billion Cherry advance revolving fund to be operational from July 1. “Consequently, all coffee farmers across the country will be able to access the fund at a modest interest rate of 3 per cent,” he said.

Source: Standard Digital March 27, 2019 10:09 UTC