NAIROBI (Xinhua) --
Kenya and the International
Fund for Agricultural Development (IFAD) on Friday signed an
agreement to develop the country’s aquaculture sector to help
reduce rural poverty, tackle chronic malnutrition and food
IFAD said in a
statement that the financial agreement will go a long way to
improving food security and reducing poverty in rural areas
where 75 percent of Kenyans live.
approach blends public- and private-sector investments in the
aquaculture value chain with community-wide initiatives that
promote good nutrition and food security through education and
better access to affordable foods,” IFAD said.
143.3-million-U.S.-dollar program, including a 40-million-dollar
loan from IFAD, will be co-financed by the UN Food and
Agricultural Organization, which will provide 400,000 dollars,
Kenya that will give 31.4 million dollars and beneficiaries
themselves who will contribute 43.6 million dollars.
“The financing gap
of 27.9 million dollars will be covered from future IFAD
financing rounds or by potential co-financing partners,” IFAD
said in a statement.
The UN agency said
the program’s goals are to assist 35,000 smallholder farmers in
becoming profitable fish producers or village-level providers of
support services within value chains in counties that already
have aquaculture-related infrastructure, adequate water
resources, marketing potential, and high poverty rates.
According to IFAD, the new agreement provides financial support
to the Aquaculture Business Development Program and related
activities designed to promote fish production in an
economically and environmentally sustainable manner in 15 target