The Kenyan Cabinet has approved a waiver of interest and penalties totaling Ksh 12.3 billion on land settlement loans, providing significant relief to thousands of settlers across 520 schemes in 26 counties.

• The waiver benefits low-income settlers who have struggled to repay loans due to economic hardship and low agricultural productivity, aligning with the Bottom-Up Economic Transformation Agenda.
• The decision was based on recommendations from the Land Settlement Fund Board of Trustees.
• Beneficiaries will receive a 12-month moratorium to clear their principal balances, allowing them to regularize accounts and obtain title deeds for their land.