Co-op Bank secures $10m for lending to agribusinesses

Gideon Muriuki.

Co-operative Bank's Gideon Muriuki. The bank has secured $10 million financing from the eco.business Fund for on-lending to sustainable agribusinesses. PHOTO | POOL

Co-operative Bank has secured $10 million financing from the eco.business Fund, the impact investment sub-fund for sub-Saharan Africa, for on-lending to sustainable agribusinesses.

The fund’s first ever investment in Kenya provides the much-needed financing for businesses to enhance sustainable measures in their agricultural practices, particularly important in light of the challenging operating environment created by the Covid-19 crisis.