Nairobi, July 28 -- KCB Bank Kenya has received Sh12.9 billion financing from the European Bank for Reconstruction and Development (EBRD) for onward lending to women and youth-led business and green enterprises.

The lender, part of KCB Group, said 35 percent of the facility will be directed towards women and youth-led enterprises, while 30 percent will finance eligible green investments, enabling businesses to adopt climate-smart technologies and sustainable business practices.

This is the first investment made in the country's banking sector by the London-based EBRD since its formation in 1991 and with a membership of 77 countries.

"This investment marks our first investment in Kenya's financial sector. By partnering with KCB Bank, we...