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SMEs get Sh9.3b boost

Commercial Bank of Africa (CBA) (Photo: Courtesy)

Commercial Bank of Africa has secured a $90 million (Sh9.3 billion) to support its lending to small and medium enterprises.

The funding package from African Development Bank (AfDB) will also be used to support local firms involved in value-addition. According to Commercial Bank of Africa (CBA), areas of focus will include trading, manufacturing, agriculture, infrastructure, transport, and construction.

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