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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.

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