M a r k e t N e w s

The Co-op Bank has secured $10 million in funding to lend to agribusinesses

Posted on : Monday , 26th April 2021

The eco.business Fund, an impact investment sub-fund for Sub-Saharan Africa, has given $10 million to Co-operative Bank for on-lending to sustainable agribusinesses.


The fund's first investment in Kenya provides much-needed funding to businesses looking to improve sustainable agricultural practises, which is especially necessary given the difficult operating environment generated by the Covid-19 crisis.


Co-operative Bank CEO Gideon Muriuki said in a statement that the lender's new alliance with eco.business Fund offers funding tailored to agriculture's financing cycles, as well as support structures to help farmers make a successful transition to sustainable, climate-smart agriculture.


Mr Muriuki said, "We have always strived to help farmers in their journey to achieve sustainable livelihoods, right from our founding as a bank for agriculture co-operatives."


The eco.business Fund was established by the German KfW Development Bank and Conservation International, with funding provided by the German Federal Ministry for Economic Cooperation and Development (BMZ).


The German-based impact investment fund, which was officially launched last year (2020), is dedicated to biodiversity conservation, sustainable natural resource management, and climate change mitigation and adaptation.


The eco.business Fund and Co-op Bank will use this new investment to provide required credit to sustainably certified agribusinesses, such as those in Kenya's key agricultural exports of coffee, tea, and horticulture.


“This new relationship with Co-op Bank looks promising because the bank is well placed to serve as a facilitator of sustainable production practises. We can only jointly promote green finance with the aim of creating positive environmental and social impact if we provide tailored financing to the agricultural sector, which is a key driver of economic activity and sustainable development in Kenya,” said Dr Mackensen.

Agriculture is the cornerstone of Kenya's economy, employing roughly 75 percent of the rural population and accounting for 34 percent of the country's GDP.


The investment aims to provide financial services to those who are most in need while also supporting environmental finance as a mainstream concept.

Source : www.africafood.ke
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • Rasna soft drink and beverages
  • TITAN Containers A/S

Complete List  

Advertisers in previous issue:

  • Veendeep Oiltek is one of India
  •  We are a prominent packaging company based at industrial heart of Ahmedabad city.
  • Rich Holding International is a China based international trading company with an expertise in food industry.
  • Gateway to Global Food B2B Marketplace
  •  International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • Symega is a reliable producer of food ingredients and has supplied to many of the finest food processors in different parts of the world.
  •  Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers via the most advanced production facilities in Egypt.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  • Complete processing lines for Food Industry.
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  • KAP CONES , having built up an unrivalled reputation for exceptional quality, performance & service in printing industry for last over four decades, diversified into producing cone sleeves with   auto rolling mechanism for ice cream cones requirement
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • Manufacturing of ice cream cones, sugar cones. Soft serve ice cream powder mix.
  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • MAYORA Group has grown to become one of the recognized names in the Fast Moving Consumer Goods Industry.
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • Afronutri Ltd is an intermediary supplier of end consumer baby food   products selling directly to retails and wholesalers as well as hospitals and pharmacies.
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2021 Afrotrade