AFC taps Sh600m KDC loan for onward lending to pastoralists

KDC director-general Norah Ratemo.

Photo credit: File | Billy Ogada | Nation Media Group

The Agricultural Finance Corporation (AFC) has tapped a Sh600 million loan from the Kenya Development Corporation (KDC) for onward lending to pastoralists.

KDC is a State-owned development finance institution established in November 2020 to merge the operations of the former Industrial and Commercial Development Corporation, the Tourism Finance Corporation, and IDB Capital Limited.

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