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Uber in Sh10 billion financing deal with Sidian Bank

Sidian Bank is hoping to grow its loan book by tapping into demand created by the revolutionary online taxi-hailing company. PHOTOS | FILE

Sidian Bank has launched a Sh10 billion fund that will see Uber drivers access car loans at below average market rates.

The lender will provide of up to a maximum of Sh1.5 million per Uber driver, repayable in three years.

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