[Source: Business Daily, by Victor Juma]
The International Finance Corporation (IFC) is set to lend $8 million (Sh862 million) to Thika-based Blue Nile Rolling Mills Limited, which manufactures the Kifaru brand of steel products.
The loan is part of Blue Nile’s efforts to raise $14.1 million (Sh1.5 billion) to restructure its operations besides funding the construction of a galvanised wire plant.
The steel rolling division (BNRML) is a sister company of Blue Nile Wire Products Limited (manufacturer of barbed wires) and the two companies are…
