Family Bank has inked a Sh2.6 billion ($20 million) deal with the UK government’s development finance institution, British International Investment (BII), to support trade financing for micro, small, and medium-sized enterprises (MSMEs) across Kenya.
The partnership, which aims to bolster trade financing in the country, will channel the funds towards MSMEs, with at least 50 percent of the financing earmarked for women-led businesses and agribusiness-related enterprises, including those engaged in agricultural production, processing, logistics, infrastructure, and broader value chain activities.
