Equity Bank Plc has partnered with farm and equipment maker John Deere to finance the acquisition of farming machines.
The two-year deal will see Equity Bank provide prospective buyers with asset financing solutions.
On the other hand, John Deere and MASCOR will roll out joint training and marketing campaigns to educate farmers.
Speaking during the signing of the agreement, Equity Group CEO James Mwangi noted that through the collaboration small scale farmers, builders and landscape providers in Kenya will benefit from state-of-the-art technology which will equip them with capability to scale and grow their yields and businesses for larger markets.
“Kenyan farmers have the opportunity with the implementation of the Africa Free Continental Trade Area Agreement to increase production for global supply chains which were disrupted by the COVID-19 pandemic and the Russia-Ukraine conflict,” he said.
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The agreement was signed on the sidelines of the second edition of US ambassador to Kenya Megg Whitman’s roadshows in Chicago
