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The African Development Bank Group (AfDB) and KCB Bank Kenya Ltd have signed a $150 million (Sh19.3 billion) financing package to accelerate climate-friendly lending and boost trade finance. The funding targets small businesses and corporate borrowers.
The deal, announced on Thursday, is designed to increase the flow of capital to projects that support environmental sustainability, commonly referred to as green finance. This includes investments in renewable energy, climate-smart agriculture, and green infrastructure.
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