(Ecofin Agency) - The European Union and Kenya signed on December 20, in Nairobi, a financing agreement valued at £104 million for small Kenyan farmers.

The agreement was initialed by Uhuru Kenyatta, Kenya’s President, and Neven Mimica, EU Commissioner for development and international cooperation. The facility will be divided in three tranches that will go into three distinct projects.

The first project in which £20 million will be invested will see the development of sanitation and water supply facilities. It is expected to profit 400,000 people living in arid and semi-arid areas.

The second project, worth £50 million, aims to support small-scale farming and improve agricultural productivity by boosting financing and training for small farmers, while improving their integration in pertinent markets.

Finally, £34 million will be injected in a program for legal autonomy and aid provision in 12 of Kenya’s counties.

It should be recalled that the agreement was signed on the sidelines of the 32nd parliamentary Assembly of African nations, Caribbean and Pacific and the European Union, held in Nairobi from December 19 to 21.