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IFC invests Sh32 billion in Kenya’s biofuel project
Phyllis Nduva, a castor seeds farmer at her farm in Makueni on February 10, 2023. Eni Kenya has contracted aggregators to supply it. PHOTO | PIUS MAUNDU | NMG
The International Finance Corporation(IFC) is set to invest Sh31.96 billion ($210 million) in an agribusiness project by Italian firm, Eni Kenya.
The IFC said the investment in the form of a senior loan will support capital requirements by Eni Kenya towards the construction and operation of agri-processing plants in the country.
