Agriculture
Kenya must look for ways to drive investment
Kenya must look for ways to drive investment to its agriculture sector to promote food security and protect the shilling. Agriculture remains the backbone of the Kenyan economy. It is the single most important sector in the economy, contributing approximately 25% of the GDP, and employing 54% of the national labour force (Data world bank 2019). Over 70% of the Kenyan population live in the rural areas and derive their livelihoods, directly or indirectly from agriculture.
Kenya has not exploited its agricultural potential to the full which is necessary to diversify into no-traditional commodities. This would improve and stabilise agricultural output, productivity, incomes, significantly check famine and thus food insecurity.
Although production remains dependent on weather conditions, long-term strategies aimed at bolstering mechanization and reducing rain-fed production should see the sector remain a growth driver for several years.
And with the right mix of strategic investments through opportunities offered on Zupa Investment, Kenyan farmers/entrepreneurs can own majority of this market. The Kenyan agricultural sector is also attracting investor interest because Kenyans are increasingly recognized around the world as an intensely entrepreneurial people who naturally gravitate toward innovation.