The European Alliance on Agricultural knowledge for Development

Support of India to agricultural mechanization in Kenya

11 January 2017. India announced a USD 100 million Line of Credit to Kenya for agricultural mechanization after talks between Prime Minister Narendra Modi and the Kenyan President, during which they also decided to deepen economic cooperation, identifying expansion of bilateral trade as a “priority”.

The upgrading of Rift Valley Textiles Factory (Rivatex) funded by a Sh2.995 billion ($29.95 million) LOC is ongoing, while another Sh1.5 billion ($15 million) LOC to IDB Capital Limited for development of small and medium enterprises (SMEs) is being implemented.

Related: 

State Visit of the President of Kenya
to India (10-12 Jan 2017)

11-13 January 2017Vibrant Gujarat Global Summit. The central focus of the Summit was “Sustainable Economic and Social Development”. It brought together heads of states and governments, ministers, leaders from the corporate world, senior policy makers, heads of international institutions and academia from around the world to further the cause of development and to promote cooperation.

A Kenyan business Session was organised by FICCI, CII and the Associated Chambers of Commerce and Industry of India (ASSOCHAM), in New Delhi on January 12, 2017.


Source: PAEPARD FEED

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