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Originally published by The Standard BusinessOctober 8, 2025
2h ago
KCB Group commits Sh53b to green finance projects
Tier one lender KCB Group has allocated Sh53.2 billion to green projects in a move that places sustainable finance at the heart of its strategy...
✨ Key Highlights
KCB Group has committed Sh53.2 billion to green finance projects, making sustainable finance a core part of its strategy amid increasing climate pressures in East Africa. This move aligns the bank's operations with global climate goals and responds to growing investor and regulatory scrutiny.
- Green loans now constitute 21.32 percent of KCB's total portfolio, nearing its 2025 target of 25 percent.
- KCB was recognized as the Best Sustainable Bank in Kenya.
- The bank secured a project preparation facility from the Green Climate Fund (GCF), unlocking $540,000 (Sh70.2 million) to develop a funding proposal for green MSMEs.
- The "Linda Miti" initiative led to 1.38 million trees being planted in 2024 through partnerships with 1,259 schools.
- Environment and Climate Change Principal Secretary Festus Ng'eno highlighted finance as a lifeline for sustainable households and for empowering various sectors.
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