The European Investment Bank’s development arm (EIB Global) will help Kenya’s largest hospital expand and green its energy supply. EIB Global will advise Kenyatta National Hospital in Nairobi on the installation of a solar-power system.
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.
