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Staff Writer - June 9, 2021

On 25th May 2021, as part of ‘Africa Day’ and the Africa Union’s celebration of African ‘Arts Culture And Heritage’, the Africa Union and...

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EQUITY GROUP HOLDINGS REGISTERS STRONG RECOVERY

About 60 percent of investments will focus on climate adaptation, particularly climate-resilient agriculture and water management technologies, while 40 percent will go towards mitigation efforts such as renewable energy and energy efficiency. Through the facility, KCB will deploy flexible credit products, blended finance structures, and digital lending platforms to scale access to financing for underserved populations. “This is a bold step to scale climate finance. By targeting MSMEs and smallholder farmers, we are ensuring that no one is left behind in the transition to a climate-resilient future,” said Paul Russo. The funding comes as Kenya faces rising climate vulnerability, with over 80 percent of its land classified as arid and semi-arid. These regions frequently experience droughts and floods, causing economic losses estimated at about 3 percent of GDP annually. KCB has been ramping up its green financing efforts, having assessed loans worth Sh578.3 billion for environmental and social risks last year. This brings the cumulative total assessed since 2020 to over Sh1 trillion under its Environmental and Social Due Diligence framework. The bank also disbursed Sh50 billion in green loans in 2025, increasing its green portfolio share to 25.84 percent from 15 percent in 2023, with investments spanning energy transition, blue economy, e-mobility, and climate adaptation initiatives.

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Tag: Blinky Bill

Chimano, Blinky Bill on Facebook’s tips on how to grow an...

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iSAT Africa and SES Networks to Provide Reliable 4G Services in...

Africa Internship Academy hosts its Innaugural Future of Work in Africa...

The Status Quo is Unacceptable: It’s time to normalize the narratives...

KCB Bank, Deluxe Trucks Asset Financing Deal

HOT NEWS

EQUITY GROUP HOLDINGS REGISTERS STRONG RECOVERY

KCB secures Sh12.5bn for SMEs-linked green financing

Charcoal price hits Sh2,500 a bag

SAFARICOM YOUNG SCIENTIST KENYA BOOT CAMP AT MOI GIRLS

EDITOR PICKS

Moroccan Peace Activist Zakaria El Hamel Wins International Nelson Mandela Human...

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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