Treasury CS Ukur Yatani has injected Ksh 500 million to the Kenya Meat Commission (KMC), raising the cash capital by Ksh 420 million. The government had planned to offer Ksh 80 million to the agency.
Yatani stated that the boost will see KMC shore up its working capital, two months after President Uhuru Kenyatta placed it under the military.
The Treasury CS defended the additional capital injection as part of the Ksh 56.7 billion economic stimulus package which was incorporated in the financial year 2020/21.
Interior CS Fred Matiang'i added that the military had already begun transforming the commission and had already grown its livestock delivery by 28%.
"The military has paid farmers the Ksh 250 million owed to them. They are trained in producing results.
"All the wonderful policies we desire and the strategies we develop must be implemented in an institutional ecosystem that delivers to that," the CS lauded.
President Uhuru Kenyatta announced the government's pilot programme of insuring livestock after the military took over.
The programme, he said, was designed to assist vulnerable pastoralists in the arid and semi-arid areas to build resilience during a severe drought.
The president has praised the military for its efficiency arguing that it works within the budget and is not prone to corruption.
So far, his administration has placed the military or a military officer in 12 strategic offices including Nairobi Metropolitan Services (NMS), KenGen, Kenya Ports Authority and Kenya Railways Corporation.
KMC is among 26 parastatals that have been marked for sale to strategic investors. Others include Chemelil, Muhoroni and Miwani, Nzoia and Sony Sugar Companies.
The government believes that the privatization of these firms will boost their survival and productivity.
