Family Bank: $10M From AfDB for Business Lending in Kenya

Family Bank: $10M from AfDB for Business Lending in Kenya

Family Bank has secured $10 million from the African Development Bank to expand financing for Kenyan importers, exporters and MSMEs. The facility will support businesses in manufacturing, agriculture, healthcare and renewable energy, while also targeting women-owned enterprises. The deal aims to address financing shortages, strengthen trade activity and encourage broader private-sector growth across Kenya.

AfDB and Family Bank sign $10m facility to support trade and business financing in Kenya

The African Development Bank (AfDB) and Family Bank Limited have signed a $10 million trade finance facility aimed at expanding access to foreign currency and financing for businesses involved in trade and productive sectors in Kenya. The facility will support the import financing needs of small and medium-sized enterprises (SMEs) and local corporates, particularly those … The post AfDB gives Family Bank $10m facility to expand trade finance for…

Family Bank Secures Sh1.3 Billion AfDB Trade Finance

Family Bank has signed a Sh1.3 billion ($10 million) trade finance facility with the African Development Bank (AfDB). The money gives the lender foreign currency to back importers who buy raw materials, machinery and stock from abroad. What the facility pays for The facility arrives in foreign currency, and Family Bank will lend it to [...] The post Family Bank Secures Sh1.3 Billion AfDB Trade Finance appeared first on Khusoko - Your Gateway to …

Family Bank taps Sh1.3bn from AfDB to finance trade

The facility will bankroll small and medium-sized enterprises (SMEs) and local corporates, especially those in the manufacturing, agriculture, healthcare and renewable energy sectors.

Family Bank Secures $10M to Support Kenyan Trade

Behind every shelf stocked with goods, every factory running on…

Family Bank signs Sh1.3bn AfDB facility to lend to SMEs

The facility will provide foreign currency financing to support the import trade needs of SMEs and businesses operating in manufacturing, agriculture, healthcare and renewable energy, as well as women-owned enterprises.