Kenya Commercial Bank (KCB) #ticker:KCB has received the first tranche of Sh8 billion ($80 million) of the $100 million line of credit advanced by the African Development Bank (AfDB) following a deal signed by the two institutions in 2017.
The funds are meant for onward lending to businesses in agricultural and energy sectors, as well as providing much-needed liquidity provision to enterprises in infrastructure and manufacturing particularly value-addition.
