KCB Bank Kenya has secured a Sh12.9 billion (US$100 million) financing facility from the European Bank for Reconstruction and Development (EBRD) to boost lending to micro, small and medium-sized enterprises (MSMEs), with a focus on women, youth and green investments.
Under the agreement, 35 per cent of the funds will go to women- and youth-led businesses, while 30 per cent will support climate-smart and environmentally sustainable projects.
Speaking during the signing ceremony on July 28, 2026, EBRD Managing Director for Sub-Saharan Africa, Dr. Heike Harmgart, said the investment marks its first investment in Kenya's financial sector.
"By partnering with KCB Bank, we are helping to channel much-needed financing to MSMEs, the engines of job creation and economic growth. We are particularly pleased that this facility will contribute to the transition to a greener economy and will expand opportunities for women and young entrepreneurs, whose success is critical to Kenya's long-term prosperity," Harmgart said.
In addition to the financing, EBRD will provide technical assistance to KCB Bank to strengthen its green lending capabilities through specialised training, advisory services and technical expertise.
KCB Bank Kenya Managing Director Annastacia Kimtai said the financing will address challenges among SMEs, including barriers in accessing credit.
"This facility will strengthen our capacity to extend affordable financing to SMEs, particularly those who have traditionally faced barriers in accessing credit. We remain committed to sustainable finance by increasing investments in renewable energy, climate-smart agriculture and other green projects that contribute to Kenya's climate ambitions while creating long-term economic value," Kimtai said.