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Absa lends Sh3bn to Kwal for factory construction
Kiambu County Governor James Nyoro (left) with KWAL managing director Lina Githuka (center) during the groundbreaking for the brewer’s factory at Tatu City on February 12, 2021. PHOTO | FRANCIS NDERITU | NMG
Absa Bank Kenya #ticker:ABSA is lending Sh3 billion to Kenya Wines Agencies Limited (Kwal) to fund the construction of its distillery plant at Tatu City.
The bank says it got the approval to lend the cash after a competitive bid in the market and has already made the loan available for use. The factory being built by Kwal is meant to increase production and expand its product range in the alcoholic beverages market.
