EU to fund Kenyan smallholder agribusinesses in latest boost for agriculture
A woman works on a demonstration farm in Kakamega, western Kenya. Small-scale farmers in the region could gain easier access to credit after the European Union offered €50 million for a financing scheme. PHOTO | ISAAC WALE | NATION MEDIA GROUP
Smallholder agribusinesses in the region could gain easier access to credit after the European Union (EU) offered Ksh5.7 billion (€50 million) for a financing scheme through a facility known as Kenya Agriculture Value Chain Facility.
The facility launched by the European Investment Bank in Nairobi means agricultural companies in Africa could get funding to deal with “specific investment gaps” that have forced most investors in the sector to either go slow or quit altogether.
