Kenya: AFC to Be Converted Into a Farmers' Bank

The government will convert the Agricultural Finance Corporation into a farmers bank, Agriculture Cabinet Secretary Felix Koskei has said.

Koskei says the proposal for the conversion has been endorsed and AFC will also be allowed to accept deposits from farmers repaying their loans. The restructured state corporation will also be able to give farmers loans at interest rates not exceeding 10 percent

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.