Small but sweet: Kenya’s Mumia syndicates $20m bio-fuels loan

Kenya’s biggest sugar company, Mumias Sugar, is seeking a KSh1.6bn ($20m) syndicated loan to finance an ethanol plant which will process molasses into fuel.

  • 01 Sep 2010

The deal will be split equally between tranches of KSh800m and $10m. The lenders will be a combination of local and international banks, according to the chief financial officer of Mumias, Peter Kebati.

Standard Chartered is among the international banks invited to join the deal.

Mumias hopes to increase the ...

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