Kenyan govt to back the agricultural finance corporation with $14mln over 3 years
Tuesday, 12 May 2020 13:22
The Kenyan government plans to release up to KSh1.5 billion (about $14.1 million) to support the Agricultural Finance Corporation (AFC) over three years.
Local media reports the strategy is part of a program initiated by the Ministry of Finance to inject the same amount in each of its strategic public entities. The first tranche of KSh500 million will be disbursed during the FY2020-21, the second and the third of the same sum will come in FY2021-22 and FY2022-23.
This investment will support a sector that sustains about 80% of the Kenyan rural population. AFC says it intends to team up with other investors to increase the volume of loans and guarantees granted to its customers.
Chamberline Moko
Live News
-
La Régionale Bank Reports Strong Profit Growth After Strategic Shift
21:27
-
Chad Eyes Cameroon’s Experience to Reshape Its Postal Sector
21:25
-
Cameroon Dominates Mobile Money in Central Africa Despite Rising Competition
21:22
-
Aldoro Raises Funds to Advance Rare Earth Project in Namibia
21:19
-
Sierra Leone Builds Telecom Networks, but Most People Remain Offline
21:16
-
Kenya’s Milk Output Hits Record High in 2025
21:14
-
Douala Signs Smart City Deal with Huawei to Boost Urban Management
19:19
-
Agoè-Nyivé 5 rolls out digital portal
18:38
-
West and Central Africa to discuss nutrition policies in Lomé on May 11
18:28
-
Togo pension fund payouts reach 52.5 bln CFA francs in 2025
18:19
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Australian junior secures about $2.3 million to fund exploration at Kameelburg Drilling and feasibility work to move forward on large rare earth...
$400 million invested in telecom infrastructure, including fiber across most districts 60% of the population still does not use telecom...
Milk production rises to 5.5 million tons, up 3.5% year over year Output grows for a third straight year, setting a new record Processing volumes also...
BCEAO 2025 net profit falls 14% to 588 billion CFA francs Dollar depreciation drives foreign exchange losses, reversing prior gains Gold...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...