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Originally published by Kenyanstop
October 29, 2025
6d ago
Fear for Jobs as Govt Reveals Plans to Merge Two State Institutions
The government claims that merging the two institutions will be vital in improving the financial stability of one of the country's vital sectors...
✨ Key Highlights
The Ministry of Agriculture plans to merge two state financial institutions, the Agricultural Finance Corporation (AFC) and the Commodities Fund, a move that raises concerns about job security for employees. The merger aims to enhance efficiency and better meet the financial needs of farmers.
- Agriculture Cabinet Secretary Mutahi Kagwe announced the merger on Wednesday, October 28, during the 8th World Congress on Rural and Agricultural Financing in Mombasa.
- The plan intends to provide farmers with long-term, low-interest loans, moving away from short-term, high-interest facilities.
- CS Kagwe also called for reinstating a policy requiring financial institutions to lend a mandatory percentage of their assets to the agricultural sector.
- The ministry is implementing a Projects Implementation Monitoring Unit (PIMU) and reinforcing the rollout of digital financing and farmer registration under the Kenya Integrated Agriculture Management Information System (KIAMIS), which already covers 7.1 million farmers.
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