Business Daily | by Simon Ciuri
Top tier lender KCB Bank has inked a funding deal with Kiambu County government aimed at cushioning local youth and traders against Covid-19 economic shocks.
Under the deal, KCB Bank will advance Sh1.3 billion to individuals and start-ups hard-pressed by the pandemic with county government acting as guarantor having deposited Sh138 million to the lender as collateral.
The Sh138 million, Kiambu Governor James Nyoro said, will help subsidise the interest rate from…
