Home Business KCB receives Sh16bn for climate, SME financing

KCB receives Sh16bn for climate, SME financing

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Business Daily | by Patrick Alushula

KCB Kenya has received Sh16.3 billion ($150 million) funding from the International Finance Corporation (IFC) to finance climate change projects and increase micro, small and medium enterprises loan book.

Chief executive Joshua Oigara said the credit line would enable the bank to expand financing to SMEs and special market segments such as women and youth-owned enterprises.

“We are happy to partner with IFC in this innovative financial instrument, which will enable us to support the economy as the country begins recovering…

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