The European Investment Bank’s development arm (EIB Global) and Kenya-based Family Bank are mobilising €100 million (14.7 billion Kenyan shillings) in financing for businesses, with a focus on women-owned/led enterprises and youth entrepreneurs in the country. EIB Global is providing a €50 million credit line to Family Bank, which will match the sum in an agreement to expand loans for Kenyan small and medium-sized enterprises (SMEs) and Mid-Caps.
Today BURN, the world’s leading clean cooking appliance manufacturer, distributor, and carbon project developer, and the European Investment Bank signed an agreement to invest $15 million from the EIB to fund the distribution of BURN’s ECOA Electric Induction cooker to households across the East African region.
The European Investment Bank (EIB Global) and KCB Bank Kenya have today announced a €230 million (KShs. 32 billion) partnership to support small and medium enterprises (SMEs), youth and women in Kenya. €115 million will be a credit line from EIB Global to KCB, matched by €115 million from KCB’s own funds.
