KCB strikes financing deal with 29 Kenyan universities

NAIROBI, Kenya, Aug 9 - KCB Bank has signed agreements with 29 public and private universities to provide tailored financing and digital solutions aimed Kenya breaking news | Kenya news today |..
✨ Key Highlights
KCB Bank has partnered with 29 Kenyan universities (both public and private) to provide comprehensive financing and digital solutions. This initiative aims to address infrastructure development, operational needs, and financial access for the university community and their surrounding ecosystems.
- The agreement includes project finance, working capital, and digitized payment systems for institutions, alongside financial products for staff and fee payment plans for students, plus a three-month internship programme for over 10,000 learners.
- The key organization involved is KCB Bank, collaborating with 29 public and private universities across Kenya.
- The move comes as public universities grapple with funding shortfalls, aligning with government efforts to promote sustainable and digitally enabled higher education, as noted by Higher Education Principal Secretary Dr. Beatrice Inyangala.
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