Ericsson wrote:EABL to put up a sh.15bn plant in Kisumu and to contract 15,000 sorghum farmers.
That means they are intending to do some borrowings to put up the plant.
EABL has borrowed sh.12.5bn and will use sh.2.5bn of internal funds to put up the facility.
Of the sh.12.5bn;60% or 7.5bn will come from Standard Bank Plc denominated in euros.
Sh.5bn will come from Stanbic bank Kenya denominated in ksh.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle