Twiga Foods targets small firms with Sh3.2bn IFC funding

Twiga Foods CEO Peter Njonjo. FILE PHOTO | NMG

Kenya agri-tech startup Twiga Foods has secured a Sh3.2 billion ($30 million) from the International Finance Corporation (IFC) to cover financial gaps faced by small and medium enterprises.

The fund will deliver through the unfunded risk-sharing facilities (RSFs), which will be scaled in phases. Kenya Commercial Bank will undertake the first phase.

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