Vipingo SEZ investors to access Sh64.6bn in new funding deal

NAIROBI, Kenya, Sept 18 - Investors operating under the Vipingo Special Economic Zone (SEZ) in Kilifi are set to access up to Sh64.6 billion in funding Kenya breaking news | Kenya news today |..

✨ Key Highlights

Investors within the Vipingo Special Economic Zone (SEZ) in Kilifi, Kenya, will gain access to a substantial Ksh64.6 billion in new funding following a strategic agreement between KCB Group and the African Export-Import Bank (Afreximbank).

The Ksh64.6 billion financing framework aims to support enterprises in manufacturing, agro-processing, logistics, and value addition.
The memorandum of understanding was signed between KCB Group and Afreximbank to also facilitate trade.
Paul Russo, the CEO of KCB Group, highlighted the agreement as a significant step to catalyse sustainable industrial growth in Kenya and the region.

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