Kenyan Wall Street | by Jackson Okoth
KCB Group, the country’s largest and most profitable lender, has secured a US$ 150 Million credit facility to enable it to increase lending to climate-friendly projects and small business enterprises, especially those run by women.
Of the US$150 million, International Finance Corporation (IFC) contributed US$ 101.75 Million. It mobilized US$22 Million from the Belgian Investment Company for Developing Countries (BIO), US$15 Million from SANAD Fund for MSMEs and US $11.25 Million from Symbiotics.
This facility will strengthen the bank’s capital base and allow it to finance…
