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    Government to take over running of white elephant SGR

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    KenGen Plans Direct Selling Of Electricity

    KenGen and Rwanda in discussion over exploration of geothermal resource

    KPA MD Post to be readvertised after interviewees fail to meet threshold

    10% of Kenyans completely unable to service their loans says report

    Employers continue deducting salaries in 2021 due to Covid-19

    17% of All Food Available at Consumer Levels is Wasted Says UN

    17% of All Food Available at Consumer Levels is Wasted Says UN

  • Markets
    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

    tvN – Korea’s top entertainment brand debuts on DSTV

    tvN – Korea’s top entertainment brand debuts on DSTV

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

  • World Business
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

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    Ford Vehicles to be powered by Android and Google apps in new deal

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    Columbia Africa banks on primary and preventive healthcare to grow market share

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    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

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    Kenya to receive Ksh 1 billion from Google for economic recovery

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  • KBF
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    • Opinion
    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    10% of Kenyans completely unable to service their loans says report

    Employers continue deducting salaries in 2021 due to Covid-19

    17% of All Food Available at Consumer Levels is Wasted Says UN

    17% of All Food Available at Consumer Levels is Wasted Says UN

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    Farmers bet on indigenous foods to boost incomes and tackle malnutrition

    Farmers bet on indigenous foods to boost incomes and tackle malnutrition

    • Agribusiness
    • Banking
      Equity land Ksh16.5 billion loan to support MSMEs

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      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

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      Bill in parliament seeks to have CBK regulate Mobile lenders

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      DTB Bank set to shut down 6 branches

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      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

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    • Insurance
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      Minet feted Insurance Broker of the Year

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    • Manufacturing
    • Opinion
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      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

Kenyan Business Feed
  • Home
  • News

    Government to take over running of white elephant SGR

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    KenGen Plans Direct Selling Of Electricity

    KenGen and Rwanda in discussion over exploration of geothermal resource

    KPA MD Post to be readvertised after interviewees fail to meet threshold

    10% of Kenyans completely unable to service their loans says report

    Employers continue deducting salaries in 2021 due to Covid-19

    17% of All Food Available at Consumer Levels is Wasted Says UN

    17% of All Food Available at Consumer Levels is Wasted Says UN

  • Markets
    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

    tvN – Korea’s top entertainment brand debuts on DSTV

    tvN – Korea’s top entertainment brand debuts on DSTV

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

    Locally assembled Proton Saga saloon car released to the market  

    Locally assembled Proton Saga saloon car released to the market  

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

  • World Business
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    3.6 m up for grabs in this years Benjamin Mkapa African Wildlife Photography Awards

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    10% of Kenyans completely unable to service their loans says report

    Employers continue deducting salaries in 2021 due to Covid-19

    17% of All Food Available at Consumer Levels is Wasted Says UN

    17% of All Food Available at Consumer Levels is Wasted Says UN

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    Farmers bet on indigenous foods to boost incomes and tackle malnutrition

    Farmers bet on indigenous foods to boost incomes and tackle malnutrition

    • Agribusiness
    • Banking
      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

      Safaricom cracks whip on rogue MPESA agents

      Bill in parliament seeks to have CBK regulate Mobile lenders

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      DTB Bank set to shut down 6 branches

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      Housing Finance launches new money transfer service

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      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Leak: 53 Kenyan banks, individuals Named in FinCEN Files For Illegal Sh6 Trillion Transactions

      Impending layoffs at Absa Bank Kenya Plc

    • Insurance
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      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

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    • Manufacturing
    • Opinion
      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      How Citizen TV Became The Most Watched in Kenya

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      OPINION: Why Safaricom’s Fuliza is a rip off!

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      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

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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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