KCB receives Sh16bn for climate, SME financing

KCB Group CEO Joshua Oigara at an investor briefing on March 6, 2019. PHOTO | DIANA NGILA | NMG

KCB Kenya #ticker:KCB has received Sh16.3 billion ($150 million) funding from the International Finance Corporation (IFC) to finance climate change projects and increase micro, small and medium enterprises loan book.

Chief executive Joshua Oigara said the credit line would enable the bank to expand financing to SMEs and special market segments such as women and youth-owned enterprises.

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