EADB, German lender in $13m deal to boost Kenya agriculture

A farmer waters her seedlings. German lender KfW and the East African Development Bank have signed a €13 million ($13.8 million) financing agreement targeting the Kenya agricultural sector. PHOTO | FILE

Hurdles of Kenyan farmers, organisations as well as small and medium sized enterprises in the agriculture value chain in accessing credit are set to ease with the signing of a €13 million ($13.8 million) financing agreement between German lender KfW and the East African Development Bank .

The lender will provide medium to long term loans.