Stanbic Bank Kenya has launched a new financing package for solar adoption, offering up to 100% financing and 10-year loan tenors to remove upfront cost barriers for homeowners and businesses. This initiative, in partnership with Safer Power Limited, aims to boost solar energy uptake in Kenya.

• Up to 100% financing with a 10-year loan tenor is available for eligible clients, including a payment moratorium during project development.
• For small and medium-sized enterprises (SMEs), projects under $50,000 (KES 6.5 million) no longer require audited financial statements, relying instead on account turnover records.
• Stanbic Bank is waiving processing fees and offering discounted interest rates for SMEs, with no additional collateral required for qualifying clients using Tier 1 solar hardware.