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IFC Board to consider $10mln loan to food processor, Kenblest

The IFC is mulling a $10 million loan to Kenblest, the Kenyan food processor owned by the Shah family. The loan would be in support of a $22 million project to doubling the production of its wheat flour milling capacity from 150 tons per day to 300 tons per day, constructing a 150 tons per day maize flour milling facility and updating its bakery facilities.

According to the Summary of Investment Information on the IFC’s website, the projected board date to evaluate the financing will be September 25th, 2015.

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