Business Daily·3 min read·medium
IFC plans Sh19bn loan to KCB Kenya for capital, SMEs credit
C
Charles Mwaniki
✦AI Summary
The International Finance Corporation (IFC) plans to provide a $150 million loan package to KCB Kenya to support small and medium-sized enterprises and strengthen the bank's capital base. The deal includes technical assistance for implementing sustainable finance frameworks.
The International Finance Corporation (IFC) is set to loan Kenya Commercial Bank (KCB) Kenya Sh19.4 billion ($150 million) for onward lending to small enterprises and to enhance its capital base, new disclosures by the World Bank affiliate show.
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