6th Commercial Farm Africa,

30-31 Oct, 2019 - Nairobi, KENYA

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EU offers €50 million to fund Kenyan smallholder agribusinesses

Posted on : 02 Jul, 2019

 
Kenyan agriculture is about to get a financial boost as the EU has offered a Ksh5.7 billion (€50 million) financing scheme through a facility known as Kenya Agriculture Value Chain Facility. The fund is expected to enable smallholder agribusinesses to access credit.
 
Launched by the European Investment Bank in Nairobi, the Kenya Agriculture Value Chain Facility is expected to provide funding to agricultural companies with “specific investment gaps”. The program has also roped in local lender - Equity Bank to assist firms in agriculture expand their business while adopting latest technology.
 
The new financing scheme will provide loans with maturities of up to 7 years to agricultural companies in Kenya – which is longer than commonly available in the market.
 
The funding scheme is expected to help agricultural companies expand, upgrade and modernise their equipment to achieve productivity, and strengthen integration of smallholders into the agricultural value chain.
 
The financial scheme for Kenya is part of the European Investment Bank’s ongoing program to strengthen private sector investment and entrepreneurship across Africa through new financing and technical assistance.
 
Find out more about innovative financing schemes in Africa’s agribusiness by attending the Exclusive Multi-stakeholder Dialogue at CMT’s 6th Commercial Farm Africa in Nairobi on 30-31 October, 2019.
 
Contact Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
 
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