Banks turn to lending to farmers after rate cuts

Agricultural loans increased to Sh190.2bn as cheaper credit encouraged banks to fund farming value chains...

✨ Key Highlights

Kenyan banks are significantly increasing lending to the agriculture sector, with loans rising by 23.5% to Sh190.2 billion in the year to April 2026. This surge is attributed to falling interest rates, which have revived private sector borrowing and signaled renewed confidence in agriculture.

Outstanding loans to agriculture rose by 23.5% to Sh190.2 billion.
The Central Bank of Kenya (CBK) data shows this growth coincides with a decrease in the weighted average lending rate to 14.64%.
Equity Group is a notable lender, aiming to increase agriculture's share in its loan portfolio to 30% by 2030, focusing on value chain financing.

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