Green Financing
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NEWS
AfDB and KCB Bank sign $150 million deal to accelerate green lending and trade
The African Development Bank Group (AfDB) and KCB Bank Kenya have sealed a major financing agreement worth $150 million (approx. KES 19.5 billion) aimed at bolstering green finance and expanding trade capabilities for Kenyan businesses. The deal, signed on December 11, 2025, positions KCB to significantly increase its lending to climate-smart projects while supporting the country’s small business and corporate…
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NEWS
Old Mutual CEO Tapped for Pan-African Council Steering £1 Trillion Toward Nature Investments
Old Mutual Group CEO Arthur Oginga has been appointed to the governing council of the Africa Natural Capital Alliance (ANCA), joining a powerful coalition of leaders tasked with mobilizing finance for nature-positive growth across the continent. The appointment places Mr. Oginga alongside other top executives, including Equity Bank Group CEO James Mwangi and Nedbank CEO Jason Quinn, on a council…
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SUSTAINABILITY
NCBA Bank Deepens Sustainability Commitment with KES 2 Billion Clean Transport Financing and 10 Million Tree Target
NCBA Bank Kenya has reaffirmed its commitment to sustainability and climate action through a multifaceted approach that includes a KES 2 billion clean transport financing initiative and an ambitious target to plant 10 million trees by 2030. Speaking during an X Space conversation on sustainability hosted by Citizen Digital’s Claire Munde, Ann Nderi, Group Head of Sustainability at NCBA, highlighted…
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NEWS
Victoria Commercial Bank Secures $7.5M Green Financing Facility to Support SMEs’ Low-Carbon Transition
Victoria Commercial Bank PLC (VCB) has announced the successful closure of a USD 7.5 million green financing facility with Symbiotics, a leading global platform for impact investing. The facility, funded through the BII Green Basket Bond, a partnership with British International Investment (BII), the UK’s development finance institution, will be dedicated exclusively to financing eligible green projects across Kenya. The…
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NEWS
NCBA Trains 100 Private School Owners in Sustainable Finance and Digital Banking
Over 100 private school owners and education stakeholders have today received training from NCBA Bank on strengthening financial sustainability, adopting green financing, leveraging asset finance, and embracing digital banking solutions. The forum, held in Naivasha and powered by Water.Org, focused on equipping schools with practical knowledge to enhance resilience and efficiency. Participants were trained on renewable energy and Water, Sanitation…
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NEWS
NCBA Scales Up Sustainability Commitments, Impacting Over 740,000 Lives in H1 2025
NCBA Group has deepened its commitment to sustainability through its flagship Change The Story agenda, channeling billions into green financing and delivering broad social and environmental impact across East Africa. During the first half of 2025, the Group mobilized and steered KES 9.5 billion in green and sustainable financing, reaffirming its role in driving Kenya’s and the region’s transition to…
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NEWS
AfDB Commits $40M to Green Infrastructure Fund’s $118M First Close
The African Development Bank Group (AfDB) has committed $40 million to the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD), anchoring the Fund’s first close at $118 million. The investment aims to accelerate the development of bankable green infrastructure projects across Africa and unlock billions in private-sector capital. The AGIA-PD brings together development finance institutions, public agencies,…
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NEWS
Diamond Trust Bank Joins Efforts with Sun King to roll out Sustainable Solar Financing for Homeowners
In a bold step toward advancing sustainability in Kenya, Diamond Trust Bank (DTB) has launched a new Solar Finance Product tailored for salaried homeowners in peri-urban Nairobi. This initiative is part of DTB’s ongoing commitment to environmental stewardship through financing of climate-smart solutions. Developed in partnership with leading solar technology provider Sun King, the product enables qualified DTB customers to…
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CLIMATE CHANGE
How Kenyan Banks Are Powering the Green Economy
Kenya is no stranger to the devastating impacts of climate change. From prolonged droughts and erratic rainfall to rising food insecurity, the consequences are intensifying—and so is the call for urgent, coordinated action. While government policy, civil society, and international donors play critical roles, a quiet but powerful force is reshaping the landscape: local banks. Across Kenya’s financial sector, green…
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