The International Finance Corporation (IFC) is planning a $300 million (Sh38.8 billion) risk sharing facility with London-based Standard Chartered Bank to support trade finance access for small and medium enterprises in eight African markets, including Kenya.
The IFC, a member of the World Bank Group, said it will contribute $150 million (Sh19.4 billion) in the three-year facility, which is targeting sectors such as agribusiness, healthcare, manufacturing, pharmaceuticals, and telecommunications.
