Kenya, Sept. 16 -- The European Bank for Reconstruction and Development (EBRD) has concluded a US$ 50 million (€43.1 million) cross-currency swap agreement with the Co-operative Bank of Kenya that will help to expand access to financing denominated in Kenyan shillings.This is the first time that the Kenya Shilling Overnight Interbank Average (KESONIA), Kenya's new reference rate for financial transactions, has been used for such an agreement. It is also the first use of a broader US$ 100 million (€86.2 million) facility agreed between the two institutions.By using KESONIA in a live market transaction, the EBRD and the Co-operative Bank of Kenya are showing how the new rate can work in practice. This will help to build confidence...