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flag KCB Group committed Sh53.2 billion to green finance, advancing Kenya’s climate goals.

flag Kenya’s KCB Group has committed Sh53.2 billion to green finance, with green loans now making up 21.32% of its portfolio, nearing its 2025 target of 25%. flag The bank is funding renewable energy, climate-smart agriculture, green buildings, and clean transport, while screening Sh578.3 billion in loans for environmental risks. flag It secured a Sh70.2 million project preparation facility from the Green Climate Fund, the first in East Africa, and aims to raise $118.2 million in international climate capital. flag KCB’s “Linda Miti” initiative planted 1.38 million trees in 2024, and its subsidiaries in Uganda, Rwanda, and Tanzania expanded sustainability and financial inclusion efforts. flag The Capital Markets Authority licensed Kenya Climate Ventures, a new fund manager, to boost climate finance for growth-stage enterprises, with plans to raise $25 million. flag The move supports Kenya’s broader climate resilience goals and sustainable economic development.

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