This archive report was first published on 21 June 2021.
On June 21, 2021, the Kenya Bankers Association, FSD Kenya, and Kenya Climate Innovation Center launched a groundbreaking blended finance project to support Small and Medium-sized Enterprises (SMEs) in Kenya.
Blended finance is an innovative approach that combines funds from various sources to finance sustainable development projects, providing financial returns to investors.
The partnership aims to provide risk-tolerant, concessionary, and flexible funding to SMEs engaged in sustainable development, marking the first project of its kind in Kenya.
Kenya's banking sector is a significant economic driver, and the Kenya Bankers Association has initiated a Sustainable Finance Initiative to increase investments in the green economy and environmentally friendly projects.
As part of the initiative, the association will host a week-long virtual summit starting on June 22nd, featuring the launch of the blended finance partnership and a three-day virtual tradeshow where banks will showcase their products and services to customers.
The summit will also include a Movable Assets Registry Training Workshop, officiated by Hon. Eric Wafukho, Chief Administrative Secretary (CAS) National Treasury and Planning, and other notable speakers.
