State-owned lender targets devolved units in expansion drive

From left; Development Bank of Kenya Chairman Ndungu Gathinji, Mombasa County Finance Executive Evans Owanda and the lender's CEO Johnson Kiniti during the opening of its new Mombasa branch along Moi Avenue. [Omondi Onyango, Standard]

State-owned Development Bank of Kenya (DBK) is looking for opportunities to finance county governments' development agenda.

Chief Executive Johnston Kiniti said the lender also plans to ride on financing Small and Medium Enterprises (SMEs) as it steps up its expansion drive into the devolved units.