KCB Group and Afreximbank have signed a significant $800 million (Sh107 billion) joint funding deal to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County, aiming to establish Kenya as a manufacturing and export hub.

• Afreximbank will provide an initial $500 million (Sh67 billion), while KCB Group will contribute $300 million (Sh40.2 billion) to support investors in the 2,000-acre industrial hub.
• The deal was signed during the Arise Integrated Industrial Platforms (Arise IIP) - Kenya Investment Forum 2025 and is designed to offer competitive financing for manufacturing, agro-processing, and logistics.
• KCB Group chief executive Paul Russo stated this agreement is a "significant step" in catalyzing sustainable industrial growth, while Afreximbank managing director for export development Oluranti Doherty noted SEZs are "powerful engines for export growth, and economic diversification."