Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Kenya : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    22/05/2024 : € 50,000,000

    Summary sheet

    Release date
    10 October 2023
    Status
    Reference
    Signed | 22/05/2024
    20230540
    Project name
    Promoter - financial intermediary
    ACP INCLUSIVE GROWTH & YOUTH EMPLOYMENT -KCB KEN
    KCB BANK KENYA LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists in a credit facility to enhance access to finance for micro, small and medium-sized Enterprises (MSMEs) and mid-caps, which play an important economic role in driving growth and creating employment, contributing to over 90% of the workforce. The sector is however facing constraints in accessing finance, in particular young people, which are the vital driving force of inclusive economic growth and sustainable development in Kenya.

    The aim is to enhance access to finance to the target beneficiaries via KCB's targeted financial products and support a conducive environment for private sector investments, which are vital to create jobs and income opportunities. The operation will support the private sector inclusive growth, decent job creation for young people and youth entrepreneurship across the country.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    8 November 2023
    22 May 2024
    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications