The Government of Kenya has announced plans to offer a third economic stimulus package worth KSh26.2 billion, seeking to aid the recovery of key economy sectors affected by the global COVID-19 pandemic.
This will bring the total stimulus package to more than KSh79.9 billion, having spent about KSh53.7 billion in the first stimulus programme launched in March last year, which was followed by a number of relief measures in the second phase.
The new stimulus programme will target key productive and service sectors in thirteen strategic areas, including agriculture, health, education, drought response, policy, infrastructure, financial inclusion, energy, and environmental conservation.
Treasury Cabinet Secretary Ukur Yatani says KSh1 billion will be used to support small scale tea farmers with fertiliser subsidy, in addition to safeguarding the livelihoods of farmers within the nation’s sugar belt by allocating another KSh1.5 billion in aid of the sugar sector. This will go towards factories maintenance and payment of farmer’s arrears.
To complete the ongoing reforms in the coffee sub-sector, the government will allocate KSh1 billion to the Ministry of Agriculture, while KSh8 billion will be allocated to the Ministry of Education for the CBC infrastructure expansion programme.
Further, the government will also allocate KSh10 billion for the third phase of the “Kazi Mtaani” programme, with priority given to densely populated areas.
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