Finnfund and DFC commit US$15 million in equity and loan financing to Kentegra Biotechnology to boost the expansion of pyrethrin production in Kenya
Kentegra Biotechnology was founded in 2017 and has quickly grown to become the leading pyrethrin producer in Kenya. Finnfund, the Finnish development financier and impact investor, and the United States International Development Finance Corporation (DFC) , a development finance institution and agency of the United States federal government, participated in the funding round, which gathered equity and lending capital to expand Kentegra Biotechnology’s operations. The investments, totaling US$15 million in aggregate, will enable Kentegra to process pyrethrum flowers from