Financial group I&M Holdings invests US$180m in Kenyan unit

Financial group I&M Holdings invests US$180m in Kenyan unit

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KENYA – I&M Holdings, a conglomerate comprising financial service providers, says it has invested an additional US$180 million (Sh1.8 billion) in its fully-owned Kenyan subsidiary whose operations expanded following the acquisition of Giro Commercial Bank. The Nairobi Securities Exchange-listed firm made the…

IFC to lend Kenyan tea agency US$10m to improve trading operations

IFC to lend Kenyan tea agency US$10m to improve trading operations

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KENYA – The International Finance Corporation (IFC) is set to lend the Kenya Tea Development Agency Holdings (KTDA) US$10 million (Sh1 billion) credit facility to help the agricultural firm improve its tea trading operations. The funds will form part of KTDA’s planned…