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    Nairobi’s Central Land Registry Set to go Live on ArdhiSasa

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    Asante EPZ Limited Fined For Illegal Merger By CAK

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  • Markets
    Emirates Takes Triple Gold For The Third Year In a Row For Safety

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    IBL Group acquires Amethis stake in Naivas International

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    Revealed: The number of Kenyans with over Sh100 million in their account

    The raging debate on Twitter over the lack of US dollar in Kenya and the downplaying of the issue by the Central Bank of Kenya

    Agricultural subsidies unfair – Kenya tells WTO

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    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

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    Gov’t to Give Sh100, 000 for Someone Who Will Name This Building

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  • Real Estate
    National Construction Authority Suspends Licences of 18 Contractors

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    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    NEMA Re-Introduces Another Tax for Developers

    NEMA Re-Introduces Another Tax for Developers

    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

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    Report: High Demand for Luxury Houses in Nairobi Fueling  Increase in Prices

    Report: High Demand for Luxury Houses in Nairobi Fueling Increase in Prices

    Regional property summit kicks off in Nairobi

    Regional property summit kicks off in Nairobi

    Five Reasons Why Real Estate Increases in Value

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    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

  • Tech
    Tecno Kenya Announces Launch Of Camon 19 Series & Spark 9 Series

    Tecno Kenya Announces Launch Of Camon 19 Series & Spark 9 Series

    Nairobi Women to start offering online outpatient services

    mTek Secures Sh340m to Accelerate Paperless Insurance in Kenya

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    Merchants Challenged to Integrate Payment Gateways to Prevent Online Payment Fraud

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    Samsung Introduces Its 2022 Lineup of Appliances to Dealers

    Fathers Day Deals: Samsung Honors Fathers With Great Discounts

    Samsung Showcases its Premium Consumer Electronics Range

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    OPPO Launches its Flagship Device Find X5 in Kenya to Retail for Sh100,000

    OPPO Launches its Flagship Device Find X5 in Kenya to Retail for Sh100,000

    Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

    Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

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  • World Business
    Why Mercedes Benz is Recalling Their Old Models

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    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

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  • KBF
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    Johan ICT Kenya launched to offer data protection for firms

    Johan ICT Kenya launched to offer data protection for firms

    Winfall For Tea Farmers as Bonus Set to Increase

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    St John Ambulance Seeking Sh12 million to Train Bodaboda Operators

    St John Ambulance Seeking Sh12 million to Train Bodaboda Operators

    Samsung Introduces Its 2022 Lineup of Appliances to Dealers

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    Kenya set to host first ever transport awards

    Kenya set to host first ever transport awards

    Zamara Feted as the Overall Best Insurance Broker of the Year

    Zamara Feted as the Overall Best Insurance Broker of the Year

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    Peter Kioko Named National Bank of Kenya Acting Managing Director

    Peter Kioko Named National Bank of Kenya Acting Managing Director

    • Agribusiness
    • Banking
      Procedure for funding your Metropolitan National Sacco account through MPESA

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      KCB Group Shareholders Approve Sh9.64B in Dividend Payout

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Kenyan Business Feed
  • Home
  • News
    Nairobi’s Central Land Registry Set to go Live on ArdhiSasa

    Nairobi’s Central Land Registry Set to go Live on ArdhiSasa

    Asante EPZ Limited Fined For Illegal Merger By CAK

    Mobile phone subscribers decline by over 200,000 – CA Data

    Drunk Driving Will Now Cost You Sh100,000 Fine, As Alco-blow Returns

    Drunk Driving Will Now Cost You Sh100,000 Fine, As Alco-blow Returns

    IBL Group acquires Amethis stake in Naivas International

    IBL Group acquires Amethis stake in Naivas International

    High Court Orders Shut Down of All Sports Streaming Websites

    High Court Orders Shut Down of All Sports Streaming Websites

    Johan ICT Kenya launched to offer data protection for firms

    Johan ICT Kenya launched to offer data protection for firms

    Türkey ambassador promotes bi-lateral trade with Kenya

    Türkey ambassador promotes bi-lateral trade with Kenya

    Police boss with checkered history breathes his last

    Police boss with checkered history breathes his last

    Nairobi County Offices Switched off Over Ballooning Power Bills

    Nairobi County Offices Switched off Over Ballooning Power Bills

  • Markets
    Emirates Takes Triple Gold For The Third Year In a Row For Safety

    Emirates Takes Triple Gold For The Third Year In a Row For Safety

    IBL Group acquires Amethis stake in Naivas International

    IBL Group acquires Amethis stake in Naivas International

    Revealed: The number of Kenyans with over Sh100 million in their account

    The raging debate on Twitter over the lack of US dollar in Kenya and the downplaying of the issue by the Central Bank of Kenya

    Agricultural subsidies unfair – Kenya tells WTO

    Agricultural subsidies unfair – Kenya tells WTO

    Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

    Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    Bad News for Kenyans As Fuel Prices Increase By Sh 9

    Bad News for Kenyans As Fuel Prices Increase By Sh 9

    Jambojet and Cellulant Partner on Loyalty Customer Rewards

    Jambojet and Cellulant Partner on Loyalty Customer Rewards

    Gov’t to Give Sh100, 000 for Someone Who Will Name This Building

    Gov’t to Give Sh100, 000 for Someone Who Will Name This Building

  • Real Estate
    National Construction Authority Suspends Licences of 18 Contractors

    National Construction Authority Suspends Licences of 18 Contractors

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    NEMA Re-Introduces Another Tax for Developers

    NEMA Re-Introduces Another Tax for Developers

    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

    Superior Homes Launches Reward Program for Investors

    Report: High Demand for Luxury Houses in Nairobi Fueling  Increase in Prices

    Report: High Demand for Luxury Houses in Nairobi Fueling Increase in Prices

    Regional property summit kicks off in Nairobi

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    Five Reasons Why Real Estate Increases in Value

    Five Reasons Why Real Estate Increases in Value

    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

  • Tech
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    Tecno Kenya Announces Launch Of Camon 19 Series & Spark 9 Series

    Nairobi Women to start offering online outpatient services

    mTek Secures Sh340m to Accelerate Paperless Insurance in Kenya

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    Merchants Challenged to Integrate Payment Gateways to Prevent Online Payment Fraud

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    Samsung Showcases its Premium Consumer Electronics Range

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    OPPO Launches its Flagship Device Find X5 in Kenya to Retail for Sh100,000

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    Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

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    Why the LG TONE Free HBS-FN6 Wireless Earbuds are a Must Have

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    Why Mercedes Benz is Recalling Their Old Models

    Cold comfort awaits a springtime Davos

    Cold comfort awaits a springtime Davos

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    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

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    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

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    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
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    Johan ICT Kenya launched to offer data protection for firms

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    Winfall For Tea Farmers as Bonus Set to Increase

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    St John Ambulance Seeking Sh12 million to Train Bodaboda Operators

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    Zamara Feted as the Overall Best Insurance Broker of the Year

    Zamara Feted as the Overall Best Insurance Broker of the Year

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Home KBF Banking

KCB is the First Bank in Kenya to Receive This Recognition

by Neymar
November 12, 2020
in Banking, Featured, KBF, Markets, News
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In a regional first, Bank now capable of fronting projects of up to Ksh.25 Billion

KCB Bank Kenya has been accredited by the United Nations Green Climate Fund as the first financial intermediary for the implementation of green financing in East Africa.

The accreditation paves way for the Bank to receive funds from the Green Climate Fund (GCF) for on-lending to beneficiary institutions involved in the development of green-climate resilient investment assets/projects in Kenya as well as in the region where the bank operates as the implementing entity.

The accreditation was announced during the 27th Green Climate Fund Board Meeting, in Songdo, South Korea. This followed an extensive due-diligence assessment, conducted by GCF since 2017 to ascertain the Bank’s preparedness in managing climate change programmes.

The bank is the first lender in Kenya and private sector entity to receive this accreditation, cementing the sustainability efforts within the Group especially for portfolio re-imagining in the green lending space, KCB Group Chief Executive Officer and Managing Director Joshua Oigara said.

“We are very proud of the efforts and investment we have put over the years to mainstream and entrench sustainable business that has earned us this recognition. It is a milestone for the bank and the country as it opens up investment and development of the green economy through GCF support,” Group CEO said.

The Bank has been accredited under the medium to large private sector category, therefore, capable of fronting projects of between USD 50 Million (Ksh.5 billion) and USD 250 Million (Ksh.25 billion).

KCB Bank Kenya was nominated by National Treasury under the Ministry of Finance to participate in Green Climate Fund Accreditation in 2017. Under the GCF programme, the National Treasury is the National Designated Authority (NDA) for accrediting entities who apply for funding through GCF in Kenya.

Treasury Cabinet Secretary Ukur Yatani welcomed the development and said the accreditation underpins Kenya’s position as a leader in green finance.

“Kenya was among the first seven countries in the world whose institutions were accredited by the Green Climate Fund Board for direct access of resources from the Fund in March 2015. KCB’s accreditation now cements Kenya’s strong leadership and prowess in green finance. It opens the private sector window for climate mitigation and adaptation projects and programs investments in the country.  It is a key milestone that the bank is the first locally established lender and private entity to be accredited as the direct access in the medium category to receive up to USD 250 Million,” said Mr Yatani.

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Kenya has continued to play a leading role in implementation of Sustainable Development Goals (SDGs) and Climate Change Advocacy in the global and local platform.  This GCF accreditation is, therefore, a plus to the country’s efforts to support sustainable growth.

By this, accreditation the bank attains direct access to funding for the financing of climate change mitigation and adaptation projects, as well as grants for capacity building, said Mr. Yatani.

Kenya being a signatory to the UNFCCC, Kyoto Protocol, Paris agreement, SDGs and numerous global and regional frameworks geared to climate action has put a lot of efforts to operationalize various policies and Act of Parliament, yet not at scale that is required to avert the looming climate emergencies and catastrophes being experienced globally.

The fund will also enable KCB Bank Kenya to sustainably support the country’s aspirations including the Big 4 Agenda and Vision 2030.

“We already have certain sectors that we are looking to invest in, that will reduce green gas emissions, however, the fund will generally enable us to fill the climate finance gaps in all the sectors of the economy. The accreditation gives us an opportunity to scale up a much more global capability that we didn’t have before” Mr. Oigara added.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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