×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Bidco secures Sh3.3b from IFC to fund expansion

Bidco Oil Refineries has secured a $36.5 million (Sh3.3 billion) loan from a World Bank agency to invest in extra capacity and new business.

Chief Executive Vimal Shah said the funds from the International Finance Corporation (IFC), the lending arm of the World Bank would enable the Thika-based edible oil maker Bidco to create more opportunities for small-scale farmers.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in