Family Bank Taps Sh1.3bn From AfDB to Finance Trade

Family Bank Secures Sh1.3 Billion AfDB Trade Finance

Family Bank has signed a Sh1.3 billion ($10 million) trade finance facility with the African Development Bank (AfDB). The money gives the lender foreign currency to back importers who buy raw materials, machinery and stock from abroad. What the facility pays for The facility arrives in foreign currency, and Family Bank will lend it to [...] The post Family Bank Secures Sh1.3 Billion AfDB Trade Finance appeared first on Khusoko - Your Gateway to …

Family Bank taps Sh1.3bn from AfDB to finance trade

The facility will bankroll small and medium-sized enterprises (SMEs) and local corporates, especially those in the manufacturing, agriculture, healthcare and renewable energy sectors.

Family Bank Secures $10M to Support Kenyan Trade

Behind every shelf stocked with goods, every factory running on…

Family Bank signs Sh1.3bn AfDB facility to lend to SMEs

The facility will provide foreign currency financing to support the import trade needs of SMEs and businesses operating in manufacturing, agriculture, healthcare and renewable energy, as well as women-owned enterprises.