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Co-op Bank to lift SMEs with Sh6b funding

European Investment Bank President Werner Hoyer (centre), Co-operative Bank Chief Executive Gideon Muriuki (right) and European Union Ambassador to Kenya Henriette Geiger during the signing of the financing deal in Nairobi. [David Njaaga, Standard]

Small and Medium Enterprises (SMEs) that were hit by the negative effects of the Covid-19 pandemic will benefit from a 50 million euros (Sh6.3 billion) credit facility.

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