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KCB Bank Kenya has signed a $100 million (Sh12.9 billion) financing facility with the European Bank for Reconstruction and Development (EBRD) to expand credit access for micro, small and medium-sized enterprises, the lender said on Tuesday.
The facility marks the EBRD's first investment in Kenya's financial sector since the development bank began operations in the country last year.
Under the agreement, 35 per cent of the facility will be directed toward women and youth-led enterprises, while 30 per cent will finance eligible green investments, enabling businesses to adopt climate-smart technologies and sustainable practices.
For Kenya's small businesses, the deal addresses a persistent financing gap.
