British International Investment in $100m Deal with KCB Bank for Climate and Women Funding - British International Investment

Kenya’s KCB Bank Kenya has received a $100 million Tier 2 capital facility from British International Investment (BII), the UK’s development finance institution. This funding aims to enhance KCB’s lending capacity for climate-related projects and women-led SMEs. The investment supports the bank’s alignment with UN Sustainable Development Goals, particularly focusing on gender equality, economic growth, and climate action. BII’s commitment to climate finance is evident as it plans to allocate at least 30% of its new commitments to climate finance between 2022-2026.