The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.
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Kenya is in breach of East Africa’s FX reserve policy, where members are expected to have above 4.5 months of import cover at all times.
The deal comes from KCB’s acquisition of Rwanda’s Bank Populaire Du Rwanda (BPR) in 2021.
Futuremakers builds on the success of Standard Chartered Bank’s Seeing is Believing (SiB) initiative to tackle avoidable blindness and visual impairment.
The shilling was exchanged at an average of 119.9059 compared to KSh 119.47 per US dollar on August 18.
Mastercard has partnered with the world’s largest crypto exchange, Binance, to allow consumers to make everyday payments using digital currencies.…