KCB Kenya

Debt : December 2020

BIO has granted a USD 22 M loan to KCB Kenya, the largest commercial bank in Kenya.

Amount

€ 19,583,388.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Food security & rural development
  • Gender

Beneficiary locations

Sub-Saharan Africa: Kenya

Investment field

Financial Institutions

Activity

Commercial bank

Organisation

KCB Kenya

Domicile

Kenya

Kenya Commercial Bank Kenya (KCBK) is a subsidiary of the holding of KCB Group (KCBG), the largest banking group in east Africa and leading the market in terms of branch network (360), assets (around USD 9 bn) and customer base (around 22.8 M) with presence in 7 countries: Kenya (HQ), Tanzania, South Sudan, Uganda, Rwanda, Burundi & Ethiopia (representative office).

KCB Kenya is seeking to enlarge its MSME portfolio and to build on its existing support for clean energy, green buildings, and climate-smart agribusinesses projects, helping Kenya meet its climate targets.

The transaction is part of a $150m syndication by IFC, together with SANAD and Symbiotics.

KCB Kenya

The loan will help expand financing to unique market segments like women and youth-owned enterprises

Joshua Oigara, KCB Group Chief Executive Officer & Managing Director

Development impacts

  • Local economic growth

    Credit provision to MSMEs

  • Food security & rural development

    Food security and rural development - Access to credit for rural/agricultural MSMEs and cooperatives

  • Gender

    Promotion of gender equality: 2X eligible on three criteria (Leadership, Employment & Consumption)

Read impact and news about this project

IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

News

IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

16-03-2021

IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

Read more

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