KCB Group Doubles Down on Green Finance with $578 Billion Loan Screening Program
KCB Group screened KShs 578.3 billion loans for climate risks, disbursed KShs 53.2 billion in green financing, revolutionizing East African banking...
✨ Key Highlights
KCB Group, East Africa's largest commercial bank, is significantly reorienting its operations to prioritize climate action and sustainable development, screening an astounding KES 578.3 billion in loans for environmental and social risks in 2024. This strategic shift includes embedding environmental and social governance into its core operations and risk management frameworks.
- KCB Group disbursed KES 53.2 billion in green loans last year, increasing its green-tagged lending from 15% in 2023 to 21.32%.
- The bank aims to reach 25% green-tagged lending by 2025, channeling funds into renewable energy, e-mobility, and the blue economy.
- KCB has designated climate-related risk as a principal risk, and Deloitte is independently auditing its forward-looking approach, a first for a Kenyan financial institution.
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Kenyan Financial Firms Launch Initiatives and Face Government Scrutiny - October 2025
Several developments are occurring in Kenya's financial sector. The Kenyan government has launched a formal inquiry into the financial affairs and management of Qona Sacco, formerly Safaricom Sacco, following member pressure over financial concerns. The probe, authorized by a gazette notice on September 29, 2025, will investigate the Sacco's by-laws and financial conditions. Meanwhile, KCB Group is prioritizing sustainable development by screening KES 578.3 billion in loans for environmental and social risks in 2024. Sanlam Kenya has also launched Sanlam Akiba Plus, a digital pension platform aimed at addressing Kenya's retirement savings crisis by targeting SMEs and the informal sector.
