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Gachagua calls for review of existing financial systems in the agricultural sector

ROME, Italy, Jul 24 – Deputy President Rigathi Gachagua has called for a relook at existing financial systems for the agricultural sector saying they were disadvantageous to African countries yet they needed better funding.

While addressing a High-Level Session on Financing Food Systems Transformation during the ongoing United Nations Food Systems Summit+2 in Rome, Italy on Monday, the Deputy President said the continent continued to face challenges frustrating agricultural production calling for favourable funding systems for the sector.

“We call upon our partners to look at African issues differently and finance food systems for more production of food and ensure there is surplus,” said Mr Gachagua.

The Summit is being held at the Food and Agriculture Organization headquarters in Rome.  

The DP said Kenya is working closely with partners to improve food production amid the emerging challenges, including the recent prolonged drought, pressing for reconsideration of financial assistance for the continent.

“We are in partnership with global partners to enhance food production. But there must be a different financial architecture for African countries because the present structure has been disadvantageous to the African continent.

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