Absa Kenya in Sh1.3 billion deal to fund agribusinesses

Absa Bank Kenya

Absa head office in Westlands, Nairobi. 

Photo credit: File | Nation Media Group

Absa Bank Kenya will offer Sh1.3 billion ($10 million) credit line to agri-based domestic and export businesses in a deal with the German KfW Development Bank-backed eco.business fund.

The agreement targets easing financing access to agricultural value chains in a bid to improve resource efficiency, food security and cushion against the effects of climate change in the sector.

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