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Deputy Governor asks banks to develop products favourable to farmers to boost food security

Nandi Deputy Governor Yulita Mitei has urged banking institutions to develop products that are favourable to farmers to boost food security.

Speaking at Kapsabet Showground during a two-day business trade exhibition organised by Chamber of Commerce in conjunction with Nandi County Government, Dr Yulita Mitei said the county administration has invested heavily in the agriculture sector calling on banks to emulate the same to make Nandi the bread basket of the country.

She said financial institutions can provide savings and deposit accounts designed for farmers with features like low or no minimum balance requirements and easy access to funds.

These accounts can help farmers build financial stability and plan for future investments.

“We welcome investors to work with the county government to operationalize various flagship projects like dairy plant in Kabiyet, coffee milling plant in Tinderet, chicken processing plant in Kapsabet town, Nandi textile unit in Mosoriot among others. We are willing to engage with them and be the link so that we can exploit the big potential in Nandi,” she said.

The Deputy Governor said Trade Expo plays a crucial role in nurturing business by offering valuable network opportunities, presenting innovative products and services and facilitating knowledge exchange among industry participants.

She said there is need to create a strong environment that supports the growth of local enterprises adding that value addition is the way to go.

Dr Mitei assured exhibitors that the county government is going to assist them through the established e-commerce platforms to sell their products and connect them with sponsors in business sector and banking institutions for financial support.

“We endorse initiatives such as the Trade Expo, acknowledging their importance in promoting economic growth and cultivating a dynamic business community. We express our gratitude to the sponsors who have contributed their resources to making this event a success. We also extend our thanks to the exhibitors for their significant turnout to showcase their products and services,” she said.

The chairperson of Nandi Chamber of Commerce and Industry Elly Chepkwony, said the expo was meant to connect and support micro, small, and medium enterprises sectors with opportunities, potential investors, mentorship, valuable resources and empowerment to scale up their businesses.

By Linet Wafula

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