Nairobi, Feb. 12 -- The International Finance Corporation (IFC) proposes to invest up to Sh5.16 billion ($40 million) in planned two risk-sharing facilities with Standard Chartered to support the purchase, storage, and sales of agricultural commodities and fertilisers in Kenya and several other sub-Saharan African countries.

The proposed project involves two risk-sharing facilities with Standard Chartered Bank for two trade finance facilities of up to Sh26.99billion ($230 million) to support the sub-Saharan Africa (SSA) operations of ETC Group, a diversified agricultural commodity trader and supply chain manager.

"The project will support the purchase, storage, and sales of agri-commodities and fertilisers in SSA countries such as Malaw...