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Indian bank ups Kenya lending to Sh33bn as it opens Nairobi office
From left: India Exim Bank Managing Director Harsha Bangari, Ministry of Finance Secretary to the Government of India Vivek Joshi, Prime Cabinet Secretary Musalia Mudavadi and High Commissioner of India to Kenya Namgya Khampa greet one another during the Inauguration of India Exim Bank’s East Africa Representative Office in Nairobi on May 31, 2024.
The Export-Import Bank of India will increase its lending to Kenyan businesses to Sh32.5 billion after opening a representative office in Nairobi on Friday, in efforts to bolster the country’s trade with the region.
Increasing its lending facility to Kenyan enterprises is among the issues agreed upon when the bank launched the bid to set up an East Africa representative office in Nairobi last year, Prime Cabinet Secretary Musalia Mudavadi revealed.
