StanChart funds KTDA’s Sh3.5bn fertiliser supply

KTDA chief executive Lerionka Tiampati. FILE PHOTO | NMG

Standard Chartered Bank (Kenya) #ticker:SCBK has signed a Sh3.5 billion financing deal with Kenya Tea Development Agency (KTDA) for purchase of 95,000 tonnes of fertiliser to be distributed to tea farmers.

The loan attracts a floating rate, which currently stands at 3.6 percent per annum.

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