EIB to transform agriculture in Kenya with €50 million project

EPA/DANIEL IRUNGU

A man displays 1,000 Kenyan shillings notes in Nairobi, Kenya, 03 June 2014.

EIB to transform agriculture in Kenya with €50 million project


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Small holders across Kenya are getting the opportunity to be transformed under a new €50 million agriculture sector financing programme, the Kenya Agriculture Value Chain Facility, launched on 12 June by the European Investment Bank in Nairobi.
The first Kenyan partner to participate in the Kenya Agriculture Value Chain Facility is Equity Bank, a leading provider of financial services to rural communities and smallholders. Other financial institutions are expected to join later.
Under the new programme agricultural companies across Kenya will have access to Kenya Shilling loans with maturities of up to 7 years, which is expected to help companies to expand and modernize.

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