Tag: IFC

KCB Gets Ksh18B IFC Loan For Green Lending

KCB Bank Kenya and IFC have signed a partnership that will help catalyze the growth of climate finance in Kenya by increasing support for businesses addressing climate change.IFC will extend a $150 million (Ksh18 billion) loan to KCB Bank Kenya to fund the growth...

Foreign Investors Move Closer To Taking Over Naivas Supermarket

Proparco, Mauritian conglomerate IBL Group and German sovereign wealth fund DEG will be taking the substantial interest in the company, currently the leading retail market in Kenya by branch network and financial health.

Equity Acquires Ksh18.6 Billion Loan From IFC For SME Lending

Equity Group has acquired a US$ 165 million (Ksh18.6 billion) loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from...

Britam Sells Ksh7.7 Billion Equity Shares In Search Of Stability

Britam Holdings Plc has opted to sell its shares held in Equity Group Holdings Plc, even as it looks to stabilise. According to a public statement by company secretary Winnie Jumba, Britam is looking to offload 158,540,750 shares, constituting an equity stake of approximately 4.201...

IFC-led Competition Offers Kakuma Businesses Up To Ksh5 Million Capital Boost

IFC and the Africa Enterprise Challenge Fund (AECF) have launched a competition for established local businesses in Turkana County in the Kakuma refugee-hosting area. The competition will allow the businesses to demonstrate how their businesses can have a sustainable development impact by creating opportunities...

Access to Imperial Bank Vault Ignites Interest in KCB Shares

KCB recently announced that it had taken over Ksh3.1 billion in deposits belonging to collapsed Imperial Bank, expanding its customer base.