KCB secures Sh12.5bn for SMEs-linked green financing
The blended finance initiative, comprising concessional lending, a guarantee, and a grant, will fund value-chain and gender-inclusive interventions. These include adoption of solar-powered and clean cooking technologies, climate-smart agriculture, waste management, circular econo..
✨ Key Highlights
KCB Bank Kenya has secured Sh12.5 billion from the Green Climate Fund (GCF) to support green projects for Micro, Small and Medium Enterprises (MSMEs) and farmers.
- The funding, a blended finance initiative, will support value-chain and gender-inclusive interventions including solar adoption, clean cooking, climate-smart agriculture, and waste management.
- Key organizations involved are KCB Bank Kenya and the Green Climate Fund (GCF).
- Approximately 60 percent of investments will focus on climate adaptation, with the remaining 40 percent dedicated to mitigation efforts.
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Sidian Bank Poaches John Okulo from KCB for MD, CEO Post - March 2026
Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026, recruiting him from KCB Bank Kenya where he was Director of Corporate Banking. KCB has responded by appointing Peter Kipkorir Ng'eno as its new Director of Corporate Banking, effective March 27, 2026, subject to regulatory approval. Additionally, KCB Bank Kenya has secured Sh12.5 billion from the Green Climate Fund to support green projects for Micro, Small and Medium Enterprises and farmers. These developments highlight significant movement in Kenya's banking sector with executive transitions and new financing arrangements.
