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    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    11,OOO Vehicles Already Registered to Use Express Way

    11,OOO Vehicles Already Registered to Use Express Way

    New business model program to firm up corporate-startup ties launched

    New business model program to firm up corporate-startup ties launched

    Crypto firms approach KenGen seeking mining access

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    Elon Musk sued by Twitter shareholder

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    Former Cabinet Minister’s widow fights her kids over control of Sh250 million estate

    Court stops IEBC from implementing two-thirds gender rule

    Kenya – United Arab Emirates strengthen ties

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

  • Markets
    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    African Venture Capital Sector Touted to Shape Global Trends

    African Venture Capital Sector Touted to Shape Global Trends

  • Real Estate
    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

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    UK Property firm targets Kenyans wanting to invest in the UK

    UK Property firm targets Kenyans wanting to invest in the UK

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

  • Tech
    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

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

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    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Broke Kenya seeks to buy UAE oil on credit

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    Balala Ministry to build toilets at the peak of Mt. Kenya

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    Treasury: No more funding, staffing Kibaki office

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    Emirates launches new hospitality strategy 

    Government’s Energy Efficiency Plan Validated

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    Housing Finance Swings Back to Profitability

    • Agribusiness
    • Banking
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      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

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      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

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      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

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      Opinion: Setting a New Standard for Smartphones in Our Changing World

Kenyan Business Feed
  • Home
  • News
    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    11,OOO Vehicles Already Registered to Use Express Way

    11,OOO Vehicles Already Registered to Use Express Way

    New business model program to firm up corporate-startup ties launched

    New business model program to firm up corporate-startup ties launched

    Crypto firms approach KenGen seeking mining access

    Crypto firms approach KenGen seeking mining access

    Children Without IDs to Be Registered for M-Pesa

    Children Without IDs to Be Registered for M-Pesa

    Elon Musk sued by Twitter shareholder

    US Govt opens investigations into Elon Musk’s business dealings

    Former Cabinet Minister’s widow fights her kids over control of Sh250 million estate

    Court stops IEBC from implementing two-thirds gender rule

    Kenya – United Arab Emirates strengthen ties

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

  • Markets
    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    African Venture Capital Sector Touted to Shape Global Trends

    African Venture Capital Sector Touted to Shape Global Trends

  • Real Estate
    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

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    UK Property firm targets Kenyans wanting to invest in the UK

    UK Property firm targets Kenyans wanting to invest in the UK

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

  • Tech
    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    These Whatsapp and SMSs on your phone to land you in Jail or face 1 million fine

    WhatsApp Groups to Accomodate 512 People in Latest Update

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    Google Cloud taps Jack Ngare as new technical director

    Google Cloud taps Jack Ngare as new technical director

    The New Nokia C21 now available in Kenya

    The New Nokia C21 now available in Kenya

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

    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

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    How new regulations are shaking up the world’s fastest sport

    How new regulations are shaking up the world’s fastest sport

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    Blow to US as Japan rejects nuclear weapons

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Broke Kenya seeks to buy UAE oil on credit

    Despair as the price of petrol, kerosene increase

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Cabinet allows use of idle State land to boost food security

    Cabinet allows use of idle State land to boost food security

    LAW: Sacco members will soon use household goods as security for loans

    10 SACCOs in Kenya you should consider investing in for high returns

    Treasury: No more funding, staffing Kibaki office

    Treasury: No more funding, staffing Kibaki office

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

    Government’s Energy Efficiency Plan Validated

    Government’s Energy Efficiency Plan Validated

    Housing Finance Swings Back to Profitability

    Housing Finance Swings Back to Profitability

    • Agribusiness
    • Banking
      LAW: Sacco members will soon use household goods as security for loans

      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

      Housing Finance Swings Back to Profitability

      KCB Unveils New Rwandan Subsidiary

      KCB Unveils New Rwandan Subsidiary

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      Falling share prices raise banks dividend returns

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      Family Bank Okays Ksh1.1 Billion Dividend Payout

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      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

      Mushe (XMU) crypto currency to be Available to the public in Early July

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      APA Life Assurance Partners With Craydel To Financially Empower Students

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    • Manufacturing
    • Opinion
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      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

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      Prioritize long-term energy cost reduction for sustained industry growth

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      Opinion: Setting a New Standard for Smartphones in Our Changing World

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Home KBF Banking

KCB offers Secured Loans Up to Sh250mn to Aid School Reopening

by santori
October 5, 2020
in Banking, Featured
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To aid rapid school re-opening, KCB Bank Kenya has announced a wide variety of financial support solutions including loans of up to Sh250 million among other products.

The commercial commitment is expected to help boost the ongoing preparatory efforts by both private and public academic institutions to reopen the facilities earlier closed due to the Covid-19 pandemic.

KCB Group CEO Joshua Oigara said the bank had come up with a range of tailor-made solutions to help cushion Kenyans from school reopening pressures while announcing KCB Bank Kenya’s new Learning Institutions Proposition.

The bank is now offering both public and private schools loan facilities to support and meet the reopening guidelines set by the Ministry of Education and Ministry of Health.

“Specifically, we are offering secured and unsecured loans and overdrafts with flexible terms to schools for initiatives such as infrastructure development,” Oigara said at a function graced by Education Cabinet Secretary Prof George Magoha.

KCB will also extend asset-based finance scheme loans to cater for water tanks, hand washing points, gloves, masks, fumigation services, desks, chairs and all hygiene and sanitization needs, required for back to school activities.

“For both institutional and staff needs, we will finance IT equipment, generators, solar installation, new and used personal vehicles and insurance premium finance,” he said. “The education sector is a key driver to the country’s economic agenda and the Bank is committed to playing a catalytic role in supporting them through this phase. We have worked out an all-inclusive proposition which gives the learning institutions end to end support to achieve the guidelines set for reopening.”

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Further, for academic institutions, the bank has restructured facilities worth over Sh1Billion due to the reduced cash flows resulting from the closure of schools. “Additionally, we have also offered repayment holidays during the period of school closure. This is to give learning institutions some relief as they get their finances and cashflows back in
order. We pledge to continue walking this journey with our learning institutions, and we see this proposition as our support in this regard,” Oigara said.

“We are looking at partnerships to ensure that we get the institutions ready to effectively offer learning services to all learners while at the same time guaranteeing the safety and well-being of the stakeholders in the education ecosystem. We are glad to see the Bank offering both financial and non-financial support towards this.” Prof Magoha said while welcoming the support.


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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