KCB eyes Sh15.2bn climate-linked loan for lending small businesses

KCB Group CEO Paul Russo during the bank's 2022 full-year financial results investor briefing on March 16, 2023. PHOTO | DENNIS ONSONGO | NMG

KCB Bank Kenya is seeking to tap Sh15.2 billion ($118.25 million) from the Green Climate Fund to support lending to small and medium enterprises (SMEs) offering climate smart solutions.

The bank has received Sh69 million ($554,000) from the fund to help it plan for the absorption of disbursements from the larger facility expected in 2025.

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