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IFC Board mulls $10mln loan to Fertiplant

The IFC is considering a $10 million loan to East Africa fertilizer distributer, Fertiplant East Africa, to help the company finance its planned $30 million project to build a greenfield  steam granulation fertilizer plant in Nakuru, Kenya.

According to the Summary of Investment Information posted on the IFC’s website, the IFC will provide long term tenor financing aligned with the project’s cashflows, as well as support and expertise to help the privately owned company meet corporate governance, technical, environmental and health and safety international standards.

The projected board date to approve the investment is schedule for September 21st, 2105.

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