Co-op Bank signs Sh500m fertiliser distributor financing with Yara

Co-operative Bank of Kenya has signed a Sh500 million financing deal with leading fertiliser Company Yara East Africa Limited. This is aimed at facilitating Yara fertiliser distributors across the country with a dedicated kitty to support them purchase and restock their outlets.

The Distributor Finance Scheme launched on Tuesday is a five-year partnership that kicked off with Sh62 million released to the Yara fertilizer distributors who have already applied for the scheme.