July 14 2023
In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, which has faced numerous challenges in recent years.
The commitment was announced by US Ambassador to Kenya, Meg Whitman, during the ground-breaking ceremony of the Kentegra Pyrethrum Processing Plant in Naivasha. The event was attended by Nakuru Governor Susan Kihika and other key stakeholders in the agricultural sector.
The establishment of the Kentegra Pyrethrum Processing Plant marks a significant milestone in the revival efforts. The plant will serve as a central hub for processing pyrethrum flowers into high-quality extracts and powders. This will not only enhance the value chain but also create employment opportunities for local communities.
The pyrethrum sector in Kenya has faced numerous challenges over the years, including declining production levels, lack of modern processing facilities, and limited access to markets. These factors have contributed to a decline in the number of farmers engaged in pyrethrum farming and a decrease in overall production.
However, with this new investment from the US government, there is renewed hope for the revival of the pyrethrum sector. The funds will be utilized to provide technical assistance to farmers, improve access to quality planting materials, and establish modern processing facilities.
The US government’s commitment is part of its broader plans to support agricultural development and food security in Kenya. In addition to the $12 million investment, an additional $10 million has been allocated for capacity building and training programs aimed at enhancing productivity and sustainability in the agricultural sector.
The revival of the pyrethrum sector is expected to have a positive impact on the Kenyan economy. Pyrethrum farming has the potential to generate significant income for farmers and contribute to foreign exchange earnings through exports. Furthermore, the use of natural insecticides derived from pyrethrum aligns with global trends towards sustainable and eco-friendly agricultural practices.
The establishment of the Kentegra Pyrethrum Processing Plant is a testament to the growing interest in the pyrethrum sector. The plant is expected to attract more investors and create a favorable environment for pyrethrum farming in Kenya.
In conclusion, the US government’s commitment of $12 million towards reviving the pyrethrum sector in Kenya is a significant development for the agricultural industry. The investment will not only address the challenges faced by pyrethrum farmers but also contribute to the overall economic growth of the country.
photo source: google
Delino Gayweh
Serrari Financial Analyst
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