African Development Bank, Family Bank sign $10 million line of credit to support trade in Kenya
Kenya, Oct. 12 -- The African Development Bank Group and Family Bank Limited have signed a USD 10 million Trade Finance Line of Credit to expand Kenyan businesses' access to foreign-currency financing.The facility will enable Family Bank to provide trade financing to eligible small and medium-sized enterprises and local corporates in the manufacturing, agriculture, health and renewable energy sectors, as well as women-owned enterprises.The facility will help eligible businesses to finance imports, obtain productive inputs and participate more effectively in domestic, regional and international value chains.The partnership will also contribute to the diversification of Kenya's productive capacity and support intra-African trade under the Afr...
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