CBA plans on-lending Sh9bn to Kenyan enterprises

Commercial Bank of Africa is set to on-lend small and medium-sized enterprises (SMEs) in the country Sh9 billion ($90 million) advanced by the African Development Bank (AfDB).

The package will include Sh5 billion ($50 million) line of credit and Sh4 billion ($40 million) trade finance line, the continental multilateral development lender said.