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Originally published by The Standard Business
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December 11, 2025
3h ago

AfDB, KCB in Sh19b deal to boost economy

AfDB, KCB in Sh19b deal to boost economy

The deal, announced on Thursday, is designed to increase the flow of capital to projects that support environmental sustainability, commonly referred to as green finance...

✨ Key Highlights

The African Development Bank Group (AfDB) and KCB Bank Kenya Ltd have inked a $150 million (Sh19.3 billion) financing deal aimed at boosting climate-friendly lending and trade finance, primarily for small businesses and corporate borrowers in Kenya.

  • The funding package includes a $100 million (Sh13 billion) subordinated debt to strengthen KCB’s capital and a $50 million (S6.5 billion) transaction guarantee for trade finance.
  • Alex Mubiru, AfDB Director General for East Africa, emphasized that this facility will advance Africa’s green transition and ensure economic growth aligns with environmental stewardship.
  • The partnership aligns with KCB’s goal to allocate 25 percent of its loan portfolio to green initiatives by 2031, with KCB Bank Kenya Managing Director Annastacia Kimtai stating it will help Kenya achieve net-zero carbon emissions by 2050.
  • KCB’s green portfolio already grew to 21.32 percent in 2024 from 15 percent a year prior, having disbursed $402 million (Sh52 billion) in green loans last year for projects in sectors like electric mobility and the blue economy.

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