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Advertisement KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME FinancingNairobi, Kenya KCB Bank Kenya has secured a US$100 million (KSh12.9 billion) financing facility from the European Bank for Reconstruction and Development (EBRD) to expand credit for micro, small and medium enterprises (MSMEs).The facility reinforces KCBs commitment to supporting entrepreneurship, creating jobs and driving sustainable economic growth across Kenya.Under the agreement, 35 per cent of the funding will support women and youth-led enterprises. Additionally, 30 per cent will finance eligible green investments. These funds will help businesses adopt climate-smart technologies and sustainable business practices.Boosting Access to Affordable CreditThe new facility will increase access to affordable financing for MSMEs across Kenya. It also targets businesses that have traditionally faced challenges in accessing credit.Speaking during the signing ceremony, EBRD Managing Director for Sub-Saharan Africa, Dr. Heike Harmgart, described the partnership as a milestone for the institutions work in Kenya.This investment marks our first investment in Kenyas financial sector. By partnering with KCB Bank, we are helping to channel much-needed financing to MSMEs, the engines of job creation and economic growth. We are particularly pleased that this facility will contribute to the transition to a greener economy and will expand opportunities for women and young entrepreneurs, whose success is critical to Kenyas long-term prosperity.Strengthening Green FinanceIn addition to the financing, EBRD will provide technical support to KCB Bank. The programme includes specialised training, advisory services and technical expertise.These initiatives will strengthen KCBs green lending capabilities. They will also enhance the banks ability to finance environmentally sustainable projects.KCB Bank Kenya Managing Director Annastacia Kimtai said the funding will help the bank expand support for small businesses.This facility will strengthen our capacity to extend affordable financing to SMEs, particularly those that have traditionally faced barriers in accessing credit. We remain committed to sustainable finance by increasing investments in renewable energy, climate-smart agriculture and other green projects that contribute to Kenyas climate ambitions while creating long-term economic value.KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME FinancingBuilding on a Strong Track RecordThe latest financing builds on KCBs continued support for Kenyas MSME sector.Through its Female-Led & Made Enterprises (FLME) proposition, the bank has disbursed more than KSh156 billion to women entrepreneurs. The programme continues to improve access to finance for women-owned businesses.Moreover, KCB has provided over KSh48.8 billion in green financing. These investments support renewable energy and other environmentally sustainable projects.By the end of March 2026, the bank had also extended KSh13 billion in new credit to micro, small and medium enterprises. This lending demonstrates KCBs continued commitment to supporting business growth.Driving Sustainable Economic GrowthThe new EBRD facility strengthens KCBs ability to finance businesses that create jobs, drive innovation and contribute to Kenyas green transition.Together, the financing and technical support will help more enterprises grow. At the same time, they will promote financial inclusion and sustainable economic development across the country.The post KCB Bank Secures KSh12.9 Billion EBRD Facility to Expand SME Financing appeared first on Africa Business News.

In an age where most conversations happen through instant messages and social media a handwritten letter still carries a unique sense of care and sincerity. For people serving time in correctional facilities receiving a letter can mean far more than simple communication. It can provide encouragement companionship and hope during a challenging chapter of life. That is why many people choose to...

What Avenged Sevenfold Fans Are Saying in Defense of New 'STATICA' EPHere's what Avenged Sevenfold fans are saying in defense of the band's new STATICA EP that came out at the end of last week.The band surprise-dropped the release on July 23 and it's certainly unlike anything they've ever done before. The songs have a mostly electronic feel with some hip-hop flavors and vocal effects....

American Battlefield Trust Saved 55,000 Acres the Suburbs Nearly Erased Skip to content ← Back to the front page As postwar sprawl paved over millions of acres of Civil War and Revolutionary War...

Pilot programs in Florida, Georgia and Colorado will deploy remotely operated drones equipped with strobe lights, sirens and pepper gel as schools consider new ways to respond during the first moments

CNN's NewsNight panel on Monday night attempted to discuss the Democrat Party's chances in the 2026 midterms. Instead, viewers got a live demonstration of exactly why the party is in trouble. CNN host