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EXPLORE THE PLAYFUL CHARM OF GALAXY Z FOLD 5 AND FLIP...

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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: z flip

EXPLORE THE PLAYFUL CHARM OF GALAXY Z FOLD 5 AND FLIP...

MOST POPULAR

GE Healthcare and Society of Radiography in Kenya (SORK) Sign Partnership...

From hawking porridge to building a milling enterprise

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

Carrefour Kenya and Mastercard Offer Added Value for Customers with Festive...

HOT NEWS

Bezo’s firm Perplexity Ai in surprise bid for Google Chrome

Merck Foundation Calls for Applications for ‘Merck More Than a Mother’...

HENNESSY AFRICA CYPHER 2024: A SHOWCASE OF TOP AFRICAN HIP HOP...

Oktobafest Kicks Off Regional Activations in Nairobi and Eldoret This Weekend

EDITOR PICKS

Radisson Hotels launch Long Stays

S&P Global Ratings Confirms ShafDB’s Sustainability Finance Framework Meets International Green...

Airtel Money deepens support for small businesses with Bizna Wallet

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

EABL signs lease deal for office space in upcoming Garden City...

Facebook Introduces Messenger Rooms and More ways to connect

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