KCB has secured a $96.9 million (KSh 12.5 billion) financing facility from the Green Climate Fund (GCF).
This is a blended finance funding that combines concessional loans, guarantees and grants. It will be deployed under the Climate Smart Technology (CST) programme to expand access to sustainable solutions among vulnerable communities.
The initiative will support a number of interventions that include solar-powered technologies, clean cooking solutions, climate-smart agriculture, waste management, circular economy innovations and energy efficiency improvements.
Approximately 60% of the funding will be directed toward climate adaptation efforts. The 40% remaining will support mitigation initiatives including renewable energy adoption and energy efficiency.
KCB plans to roll out the facility through flexible credit products, blended finance structures and digital lending platforms to reach underserved populations at scale.
“This is a bold step to scale climate finance,” said KCB Group CEO Paul Russo. “By targeting MSMEs and smallholder farmers, we are ensuring that no one is left behind in the transition to a climate-resilient future.”
According to the Green Climate Fund, the partnership addresses one of the most persistent barriers to climate action: access to affordable financing for small businesses and farmers. The facility is expected to unlock broader participation in climate-smart solutions By de-risking investments and mobilizing private capital.
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