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September 22, 2026
2h ago

Co-op Bank Secures Ksh 13B EBRD Programme to Boost Business Financing

Co-op Bank Secures Ksh 13B EBRD Programme to Boost Business Financing

The funding will support businesses in sectors including manufacturing, agriculture, agro-processing, horticulture, floriculture, logistics, and tourism...

✨ Key Highlights

Co-operative Bank of Kenya has secured a Ksh12.95 billion (US$100 million) financing programme from the European Bank for Reconstruction and Development (EBRD) to boost business financing.

  • The initial stage involved a Ksh6.47 billion (US$50 million) cross-currency swap, the first in Kenya using the Kenya Shilling Overnight Interbank Average (KESONIA).
  • Key institutions involved are Co-operative Bank of Kenya and the EBRD.
  • This initiative will expand access to both foreign and local currency financing for Kenyan businesses, supporting sectors like trade, investment, agriculture, and technology.

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