Kenya Business Guide Launches Sector Brief on Agriculture

By / December 7, 2017 : 11:16 / BUSINESS, Corporate News / No Comments
Kenya Business Guide Launches Sector Brief on Agriculture

The Kenya Business Guide (KBG) has today launched its first sector brief on agriculture at the Strathmore Business School. The brief contains an overview of current trends in the agriculture sector and an analysis of its projected trajectory.

The Kenya Business Guide (KBG) is an initiative that seeks to support the improvement and strengthening of the business environment in Kenya by providing access to information on key features of both the private and public sector prerequisites in the effective functioning of business.

Resident Representative Hanns Seidel Foundation Uta Staschewski, KBG Project Lead Sahil Shah with Prof. Robert Mudida at the launch of the Agriculture sector brief held at the Strathmore Business School.

“The agriculture sector remains at the core of Kenya’s economy. Socioeconomic transformation and wealth creation will be driven by improvements in productivity and value-addition across the entire sector’s portfolio,’’

said policy economist Sahil Shah, who was appointed as the new Project Lead for the Kenya Business Guide early last month.

Despite a 25% reduction in the output of Kenya’s main food crop, maize, in 2017 due to adverse weather conditions and a shrink in the overall percentage contribution of the agriculture sector to GDP, the Kenya Business Guide points to concerted efforts outlined in the upcoming Medium Term Plan 3 as a clear indication for improving prospects in the sector as a whole.

‘We must leverage the synergies between the agriculture and manufacturing sector to drive productivity, value-addition and employment creation in both sectors,’’

he pointed out.

KBG Project Lead Sahil Shah delivers the presentation to the audience.

The brief also notes the importance of deliberate efforts to attract the youth to the sector through value-addition and mechanisation of agricultural processes that could open more sophisticated value chain opportunities for MSMEs.

“Urban Agriculture holds the key to countering youth unemployment and the negative perception of agricultural opportunities among the youth,”

noted Mr. Shah.

Strathmore Business School Dean Dr. George Njoroge delivers the keynote address at the event.

The launch of the sector brief comes two weeks after the introduction of KBG’s new project strategy which introduces a focus on improving access to value-added information for economic policy and private sector development.

‘‘The KBG strategy takes a holistic, full circle approach to private sector development targeting all key actors within the business environment and ensuring they have the right information to make the right decisions,’’

he concluded.

The Kenya Business Guide will periodically release sector and policy briefs, researched and developed in collaboration with Strathmore Business School.

 

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