KCB to lend Sh5bn in first big green loan financing

A KCB branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG

KCB Bank #ticker:KCB will extend Sh5 billion loan facility to an infrastructural sector firm in the country, being the first company to receive the green funds.

In 2020, the lender received accreditation from the United Nations Green Climate Fund (GCF) for on-lending to investments and projects with a positive impact on the environment such as reduced carbon emissions.

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