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Lender signs Sh1.2b deal to finance small firms

SBM Bank Kenya CEO Moezz Mir together with African Guarantee Fund Group CEO Jules Ngankam sign the risk-sharing agreement. [File, Standard]

SBM Bank Kenya has signed a risk-sharing agreement with the African Guarantee Fund (AGF) amounting to 10 million dollars (Sh1.2 billion) to increase its financing of Micro, Small and Medium-sized Enterprises (MSMEs).

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