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Originally published by Tech Arena
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April 30, 2026
3d ago

SBM Bank Kenya Launches KES 1 Billion Green Finance Facility to Accelerate EV Adoption

SBM Bank Kenya Launches KES 1 Billion Green Finance Facility to Accelerate EV Adoption

SBM Bank Kenya has launched a KES 1 billion Green Finance Facility to accelerate the adoption of electric (EV) and hybrid (PHEV) vehicles...

✨ Key Highlights

SBM Bank Kenya has launched a KES 1 Billion Green Finance Facility to boost the adoption of electric and hybrid vehicles across Kenya.

  • The facility aims to lower financial barriers, supporting Kenya’s goal to reduce carbon emissions by 32% by 2030.
  • SBM Bank Kenya, led by CEO Bhartesh Shah, is leading by example with its own fleet modernization.
  • The initiative involves a partnership with BYD by CFAO Mobility Kenya to develop a sustainable EV ecosystem.

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