Kevian Kenya secures a €10 million loan from the German sovereign wealth fund

Kevian Kenya, a juice making company with brands known as Afia and Pick ‘N’ Peel has secured a loan of €10 million (1.1 billion Kenyan shillings) from the German sovereign wealth fund, DEG. The loan facility will be used by Kevian to finance the expansion of its production capacity and introduce more products. The company will also hire an additional 200 permanent employees, 300 contract workers and the total permanent workforce will rise to 1,000. DEG offers financing, advice and support to private sector enterprises operating in developing and emerging market countries and is currently in 19 locations worldwide.

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