The African Development Bank and KCB Bank have today signed a USD 100 million Line of Credit Agreement, to be used for lending to corporate businesses, Small and Medium Enterprises (SMEs).
“The AfDB is cognizant of this important element and hence seeks to play a part by collaborating with partners with a view to leveraging respective comparative advantage”, said Mr. Negatu, the Director General of AfDB’s East Africa Regional Development and Business Delivery Office. “The subject LOC will therefore bolster KCB’s ability to reach and serve deserving corporate businesses and SMEs businesses in Kenya” added Mr. Negatu.
KCB Group CEO and MD Joshua Oigara noted, “This collaboration will enable KCB to continue serving its clients in various business segments.”
