KCB Bank Kenya has secured a $96.9 million (KSh 12.5 billion) financing facility from the Green Climate Fund to support farmers and small businesses in adopting climate-friendly technologies.
The funding will be used to promote solutions such as solar energy, clean cooking, climate-smart agriculture, and better water management, especially for vulnerable communities.
The bank said the initiative will help small businesses and farmers improve productivity while adapting to climate change. About 60 percent of the funds will go toward helping communities cope with climate effects like drought, while the rest will support projects that reduce carbon emissions.
The programme is expected to boost financial inclusion and strengthen Kenya’s transition to a greener and more resilient economy.