World Bank unlocks Sh5.5b green fund for local SMEs

World Bank Regional Director Hassan Zaman (left) with Kenya Development Corporation Director General Norah Ratemo after a high-level consultative meeting to review the Kenya Jobs and Economic Transformation Project, which focuses on mobilising private capital and strengthening climate resilience among small and medium-sized enterprises. [Esther Dianah, Standard]

Kenya’s push to unlock private capital for climate-friendly businesses is gathering pace.

This is after the World Bank and Kenya Development Corporation (KDC) reviewed progress on a new Green Investment Fund designed to expand financing for small and medium-sized enterprises.