Mogo secures Sh800m from I&M Bank, Ecobank for SME lending
The asset financier said the facilities will be used to scale motorcycle and car financing, as well as smartphone loans in a move anchored on deepening credit access for small entrepreneurs who rely on productive assets to generate income. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Mogo Kenya has secured Sh800 million in local debt from I&M Bank and Ecobank, earmarked for expanding lending to small and micro enterprises, especially in the boda boda and informal transport sectors. This funding, alongside a new bond programme, aims to deepen credit access for entrepreneurs relying on productive assets.
- Most important fact or figure: Mogo Kenya secured Sh800 million from I&M Bank and Ecobank, and launched a bond programme targeting Sh1.5 billion from investors.
- Key person or organization involved: Mogo Kenya, I&M Bank, Ecobank, and Dry Associates Investment Bank.
- Notable detail that adds context: Mogo's funding mix now shifts to 60 percent local and 40 percent international sources, with over 80 percent of liabilities denominated in Kenyan shillings to lower foreign exchange exposure.
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I&M Bank Secures Sh800m for Lending and Opens Nine Branches; Stanbic Holdings Appoints New CEO - February 2026
Stanbic Holdings Plc has announced the appointment of Joshua Oigara as its new Chief Executive Officer and Director, effective March 1, 2026. In other banking sector news, I&M Bank is set to significantly expand its presence in Kenya by opening nine new branches in 2026. This expansion is part of the bank's "Mahali Uko, Tuko" campaign aiming to deepen financial inclusion. Additionally, I&M Bank and Ecobank have provided Sh800 million in local debt to Mogo Kenya. This funding is earmarked for expanding lending to small and micro enterprises, especially in the boda boda and informal transport sectors.
