Gulf African Bank inks IFC advisory deal for SME lending

Gulf African Bank offers financing to SMEs to acquire properties, equipment and fund working capital. FILE PHOTO | NMG

The International Finance Corporation (IFC) is offering technical advisory services to Gulf African Bank to help it lend more to small and women-owned enterprises.

The advisory will cost $368,016 (Sh37 million) and is the latest such undertaking with local banks. Other banks that have signed similar deals with the international financier include Co-op Bank #ticker:COOP and Equity Bank #ticker:EQTY.

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