French development agency Agence Française de Développement's (AFD) funding to Kenya’s private sector jumped six times to €145.73 million (Sh21.87 billion at current exchange rates) last year, easing funding hurdles for local businesses.
Disclosures in the French fund’s 2024 annual report show that the disbursements by Proparco –an AFD subsidiary tasked with investing in the private sector– were a rise from the €22.78 million (Sh3.42 billion) in 2023.
