The African Development Bank and Family Bank have signed a trade finance facility worth KSh1.297 billion (US$10 million) to expand foreign-currency financing for Kenyan businesses.
The facility will target small and medium-sized enterprises and local corporations operating in manufacturing, agriculture, healthcare, renewable energy and general commerce, and will also prioritise women-owned and women-led firms.
AfDB Director General for East Africa Alex Mubiru said: “This facility will help meet the import trade finance needs of small and medium-sized enterprises and local corporates in Kenya.”
AfDB head of trade finance Lamin Drammeh said the arrangement will relieve pressure on importers and exporters, create opportunities for sustainable activity and help close Africa’s trade-finance gap, which he estimates at more than $74 billion.
Drammeh added that the financing will also support intra-African trade and the implementation of the African Continental Free Trade Area.
Family Bank Chief Executive Officer Nancy Njau said: “This facility strengthens our capacity to scale up lending to MSMEs.”
Njau said the deal will boost the bank’s ability to lend to micro, small and medium-sized enterprises, which account for over 80 per cent of its customer base, and will translate into tangible opportunities while promoting inclusive growth.
Family Bank reported total assets of KSh238.9 billion and deposits of KSh180.2 billion as of June 2026.
