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Coffee farmers to benefit from Rabobank’s $1 billion investment in Kenya
Coffee farmers are set to benefit from Sh103 billion ($1 billion) partnership deal between Dutch Rabobank and Unep aimed at raising production, processing, volumes and quality of produce.
The multinational headquartered in Utrecht, Netherlands, Tuesday said the grant is a three-year initiative pushing for a more sustainable food and agricultural sector.
“This new kick-start initiative will see this partnership expand to enable Rabobank Foundation to engage small-holder farmers in production and processing,” said Neumann Kaffe Gruppe/NKG East Africa chief executive Danilo Pucci.
Rabobank has had a presence in Kenya since opening a representative office in 2014.
“We are now extending our depth of knowledge, skills, networks and financing resources to the entire agricultural sector and food value-chain across the African continent,” said Rabobank Africa chief executive Coert Beerman.
Source: Asoko Insight
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