Originally published by The Standard Business

September 16, 2026

3h ago

European lender unveils Sh12.9bn facility to boost Kenya trade finance

Kenyan traders and manufacturers will have access to longer-term dollar loans at more predictable costs under a new $100 million (Sh12.97 billion) funding programme by the EBRD...

✨ Key Highlights

The European Bank for Reconstruction and Development (EBRD) has launched a new $100 million (Sh12.97 billion) funding programme to boost trade finance for Kenyan businesses.

The programme provides Kenyan traders and manufacturers with longer-term dollar loans at more predictable costs.
The initiative is being executed by Co-operative Bank of Kenya (Co-op Bank), which has drawn the first $50 million (Sh6.49bn) tranche.
This marks the first such transaction by the EBRD for a Kenyan bank and the first in Kenya to use the new benchmark reference rate, KESONIA.

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