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KCB, EIB in Sh32bn financing deal for SMEs, youth and women
Kenya Commercial Bank (KCB) Group CEO Paul Russo makes his remarks during the release of the bank's H1 2024 Financial Results at Serena Hotel on August 21, 2024.
Photo credit: Francis Nderitu | Nation Media Group
The European Investment Bank (EIB Global) and KCB Bank Kenya have announced a Sh32.3 billion (€230 million) deal to support small and medium enterprises (SMEs), youth and women in Kenya.
Under the agreement, EIB Global will provide approximately Sh16 billion (€115 million) credit line to KCB, which will be matched by a similar €115 million from KCB’s own resources.
