KCB Bank has secured a Ksh 12.9 billion deal from the European Bank for Reconstruction and Development (EBRD) to boost small and medium enterprises lending in Kenya. According to a statement by KCB, the funding is aimed at improving access to credit for businesses while supporting entrepreneurship, job creation and economic growth. Under the agreement,
KCB Bank Kenya has partnered with Mastercard to launch the Sahl Card, a Shariah-compliant payment solution designed for customers using KCB’s Sahl Banking services. The new card aims to give customers a secure and convenient way to make everyday payments while following Islamic finance principles. It also offers a range of travel, shopping, dining, and
KCB Bank has revealed that it has issued Letters of Credit worth more than Ksh1.074 trillion under Kenya’s Government-to-Government (G-to-G) fuel import programme, positioning itself as one of the key financiers behind the country’s efforts to stabilise fuel supply. Speaking during the Petroleum Institute of East Africa (PIEA) Q2 State of the Oil Industry Briefing
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