Kenya Commercial Bank Limited

The proposed engagement with KCB Group Limited (“KCB” or “the Group”) is aligned to IFC’s strategy for the African financial sector. The Project is comprised of a $75 million loan facility to KCB to be on lent as Tier II qualifying subordinated debt. This investment is part of a US$250 million capital raising exercise by KCB to strengthen the Bank’s capital position in the context of the increased regulatory capital buffer requirements while supporting the bank as it expands into the SME segment and invests in alternative delivery channels to deepen financial inclusion