India Extends $250 Million Loan to Kenya
On 5th December, 2023, during discussions between Indian Prime Minister and Kenyan President, India announced a soft loan of $250 million to Kenya for its agriculture sector, signalling deepening ties between the two nations, with discussions spanning issues from economic collaboration to the potential acquisition of Kenyan cheetahs.
Key Points
- The loan is aimed at providing a financial boost to Kenya's agriculture industry, enhancing productivity and promoting economic growth.
- Kenya offers land to Indian companies and institutions for crop cultivation, including millets, in accordance with Kenyan laws, fostering agricultural cooperation between the two nations.
- The Indian government committed to encouraging Indian companies ....
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