India to provide $250 Mn to Kenya for modernisation of agriculture

During a joint press conference with Kenyan President William Ruto, Prime Minister Modi announced

Narendra Modi, Prime Minister said India and Kenya will continue to explore new opportunities to realise the full potential of economic cooperation between two nations. He stressed that India has remained a trusted and committed development partner for Kenya.

During a joint press conference with Kenyan President William Ruto, Prime Minister Modi announced that India will provide Kenya with a $250 million line of credit to modernise its agricultural sector.

He announced, “As two agricultural economies, we have agreed to share our experiences. We have also decided to provide a $250 million line of credit to modernise Kenya’s agricultural sector.”

“Today, we thought of strengthening our cooperation in all sectors and identified many new initiatives,” said PM Modi, laying the foundation for a progressive future.

“We are pleased to report that the mutual trade and investment between India and Kenya is steadily progressing, and we will continue to explore new opportunities to fully realise the potential of our economic cooperation. India has been a trusted and committed development partner for Kenya, and through ITEC and ICCR scholarships, India has made a significant contribution to the skill development and capacity building of the people of Kenya,” stated the Prime Minister.

After discussions in various areas, including sports, information technology, and education, five Memorandums of Understanding were exchanged.

Prime Minister Modi expressed his happiness over the visit of Kenyan President Ruto to India, especially after the inclusion of the African Union in the G20. He stated that Ruto’s visit would provide a fresh impetus to India’s relations with Kenya and the African Union.

During a joint press conference with Kenyan