Browsing: AfDB loans to Kenya

• Kenya will receive a €63 million/$63 million loan (KSh 7.5 billion) from the African Development Bank (AfDB) to boost its cereals and oilseeds production
• AfDB said its board had approved the funding, adding that the production increase will help bolster Kenya’s food security
• The loan is part of the African Development Bank’s $1.5 billion African Emergency Food Production Facility, an Africa-wide initiative to avert a looming food crisis exacerbated by the war in Ukraine

Kenya will receive a €63 million/$63 million loan (KSh 7.5 billion) from the African Development Bank (AfDB) to boost its cereals and oilseeds production by over 1.5 million metric tonnes over the next two years.

In a statement, AfDB said its board had approved the funding, adding that the production increase will help bolster Kenya’s food security and economic resilience.

The loan is part of the African Development Bank’s $1.5 billion African Emergency Food Production Facility, …