Standard Chartered Bank Kenya and British International Investment have launched a USD 100 million trade-finance facility aimed at enhancing access to affordable working capital for businesses in Kenya and Tanzania.

• Expected to generate over USD 450 million in gross trade transactions.
• Kariuki Ngari, Managing Director and CEO, emphasized the focus on empowering local businesses, particularly women-led enterprises.
• At least one-third of the portfolio targets women-owned companies under the 2X Challenge, addressing a USD 42 billion credit gap for women in sub-Saharan Africa.