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NCBA taps Sh6.7bn Proparco loan for SMEs, green financing
NCBA Group Managing Director and CEO John Gachora (left) with Proparco Regional Head for East Africa Audrey Maignan during the NCBA Group and Proparco deal signing on March 18, 2024 at Serena Hotel, Nairobi. PHOTO | LUCY WANJIRU | NMG
NCBA Group has tapped a $50 million (Sh6.73 billion) loan from French development finance institution Proparco for on-lending to small and medium-sized enterprises (SMEs) and those whose activities help combat climate change.
The lender says that 60 percent of the money will go to SMEs while 40 percent will be directed to businesses committed to combating climate change risks.
