• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Saturday, June 7, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Corporate News

KCB Group secures US$ 150 Million Credit for MSMEs, Green Projects

Leah Wamugu by Leah Wamugu
in Corporate News
Reading Time: 2 mins read
A A
0
Image of KCB CEO
Share on FacebookShare on Twitter

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.

RELATED POSTS

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

Equity Group Q1 Profit Falls 4pc to KES 15.4bn

Safaricom to Invest KES 500Mn in Bid to Bolster AI Infrastructure

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.

KCB War Chest

This facility will strengthen the bank’s capital base and allow it to finance eligible projects and businesses, many of which face COVID-19-related challenges, including challenges accessing working capital and funds for expansion.

KCB is seeking to increase its MSME portfolio and build on its existing support for clean energy, green buildings and climate-smart agribusinesses projects, helping Kenya meet its climate targets.

IFC and the co-lenders will also provide advisory services to help KCB Bank Kenya expand lending for green projects and better monitor and support its portfolio.

According to the KCB Group Chief Executive Officer & Managing Director, Joshua Oigara, the SME sector is a bank growth area and this loan will help expand financing to unique market segments like women and youth-owned enterprises that are critical to the economy’s growth.

Dr Daniela Beckmann, SANAD Board Chairperson, said, “We are happy to partner with other lenders to support KCB Bank Kenya increase its outreach to MSMEs, including women-owned businesses across the country in line with SANAD’s mission to support entrepreneurship and job creation.”

Buy JNews
ADVERTISEMENT

Luuk Zonneveld, CEO at BIO, said, “We are very happy with this investment in KCB Bank Kenya, as this investment will allow the institution to continue to provide and expand its services to local SMEs in Kenya, strengthening the local economy in one of our target countries.”

Duncan Frayne, Regional Director for Africa at Symbiotics, said, “Symbiotics sees significant opportunities in green financing and is proud to help KCB Bank Kenya in these initiatives whilst also funding the growth of its SME loan portfolio.

Our support also has the potential to promote greater banking sector resilience that will contribute to financial market stability and help the market withstand shocks by boosting capital adequacy.”

Jumoke Jagun-Dokunmu, IFC Regional Director for Eastern Africa, said, “This support from IFC and our partners will help KCB Bank Kenya expand its portfolio of climate-friendly projects and reach smaller businesses at a time when many are facing COVID-19-related challenges.

Supporting green projects and smaller businesses will help Kenya recover faster from the current economic slowdown.

IFC’s committed investment portfolio in Kenya stood at US$887.3 Million as of June 30, 2020. IFC’s portfolio in the country is predominantly in the financial, manufacturing, agribusiness, services and infrastructure sectors.

Read also; KCB Group Seeks Approval to Buy Two Banks, in Tanzania and Rwanda

Jackson Okoth of the Kenyanwallstreet contributed to this article.
Post Views: 938
Tags: KCB BankKCB Group PlcKenya Bankers Associationspotlight
Previous Post

Wall Street End Lower, Investors Watch on Fed Meeting Outcome

Next Post

CMA Sets Sets New Deadline for Coffee Brokers Licensing

Leah Wamugu

Leah Wamugu

Related Posts

Part of the delegates who participated in the 2025 Tanzania – Uganda Trade and Investment roadshow, during a site visit to GALCO LIMITED, a member of GSM Group Of Companies, in Dar es Salaam.
Corporate News

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

by The Trading Room
Equity Group
Earnings Update

Equity Group Q1 Profit Falls 4pc to KES 15.4bn

by Felix Ochieng
Cynthia Kropac(R) Chief Enterprise Business Officer Safaricom PLC receives H.E. Minister of Communications and Technology in Somalia - Mohamed Adam to the Safaricom Business Booth. Looking on is H.E. Hon. William Kabogo, Cabinet Secretary, Ministry of Information Communication and Digital Economy in Kenya - during the ongoing Connected Africa Summit 2025 Launch.
Corporate News

Safaricom to Invest KES 500Mn in Bid to Bolster AI Infrastructure

by Rennie Odek
HF Group Plc CEO Robert Kibaara
Earnings Update

HF Group Posts Solid Growth as Q1 Pre-tax Profit Soar 112%

by Githere Eddie
Next Post
CMA Markets

CMA Sets Sets New Deadline for Coffee Brokers Licensing

Crude Oil Prices

Oil Prices Rally Despite Concerns of Lower Demand in Europe

Asian Markets

Asia - Pacific Markets Mixed as Investors Wait on Wednesday's Fed Release

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,120)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,212)
  • Hilda Njeru Takes over at CDSC (2,082)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,935)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,817)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Part of the delegates who participated in the 2025 Tanzania – Uganda Trade and Investment roadshow, during a site visit to GALCO LIMITED, a member of GSM Group Of Companies, in Dar es Salaam.

Equity Group Leads Trade and Investment Mission to Uganda and Tanzania

HF Group Plc CEO Robert Kibaara

Opinion: HF Group Delivering Transformation and Strategic Growth

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$295.14  3.67%  
GME 
$29.58  0.44%  
MSFT 
$470.38  0.58%  
AAPL 
$203.92  1.64%  
AMC 
$3.40  0.00%  
ABNB 
$140.64  2.44%  
GOOGL 
$173.68  3.25%  
AMZN 
$213.57  2.72%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?