News
17 May 2019

Kenya Tea Development raises fertiliser debt facility

In:
Agri/Soft Commodities
Region:
Middle East & Africa

Standard Chartered Bank Kenya is providing a KES3.5 billion ($35 million) loan to Kenya Tea Development Agency (KTDA) to finance the purchase of 95,000 metric tonnes of fertiliser to be distributed to KTDA tea farmers. The deal signed on 14 May 2019 and the debt is priced at an annual 360bp interest...

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