NCBA, HEVA Fund Target Creative Economy With Bespoke Financing Products
NAIROBI, Kenya, Dec 6 — NCBA Bank and HEVA Fund have signed a financing pact aimed at Kenya’s creative economy, introducing bespoke credit products for Kenya breaking news | Kenya news today |..
✨ Key Highlights
NCBA Bank and HEVA Fund have partnered to launch bespoke credit products for Kenya’s creative economy, addressing a long-standing gap in financial services for artists and creative enterprises.
- The initiative introduces five financing options including Event Financing, Invoice Discounting, and Working Capital, structured to suit the cash-flow realities of creative work.
- This partnership is significant as the creative economy contributes an estimated 5.3 percent to Kenya’s GDP and supports over 300,000 entrepreneurs.
- NCBA Group Managing Director John Gachora noted the need to bridge the gap between traditional banking and the largely informal creative sector.
- The financing model features a 50:50 shared-risk structure, with NCBA and HEVA jointly evaluating and supporting applicants.
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Credit Bank Seeks Sh4.5bn, NCBA Targets Creatives, and GenAfrica Acquires 'The Cube' Property - December 2025
Several financial and investment entities have announced significant capital and business initiatives. Credit Bank is seeking approval from its shareholders to raise up to Sh4.5 billion through a private placement to bolster its capital base and fund growth. In a move to support a different sector, NCBA Bank and HEVA Fund have partnered to launch bespoke credit products targeting Kenya’s creative economy. This partnership aims to address a long-standing gap in financial services for artists and creative enterprises. In the real estate sector, GenAfrica Asset Managers has acquired The Cube, a commercial property on Riverside Drive. The acquisition was made through its Batian Property Fund as part of a strategy to boost pension returns.
