NCBA Group has today signed a USD 50million facility with Proparco, a subsidiary of the AFD Group focused on private sector development. The funding will go towards delivering NCBA`s “Change The Story” sustainability agenda.
“We are grateful to Proparco for coming on board and enabling us to meet our Sustainability commitments. As NCBA, collaborative efforts and strategic partnerships are integral to the value that we deliver to all our stakeholders. I believe that with this partnership, we will deepen our shared goals to fostering sustainable economic development and advancing the cause of green finance, women empowerment, and SME growth” said John Gachora, the Group Managing Director, NCBA.
Proparco is collaborating with NCBA to walk the journey of implementing its sustainability strategy in the country, especially towards green financing, women-led businesses, and SMEs.
“NCBA Group endorses the same goals and values as Proparco. The positive role they play to tackle climate change through green projects, as well as social inequalities, resonates with our 2023-2027 Strategy. We are certain that this collaboration will enhance financial inclusion in Kenya, especially for women entrepreneurs, as the project has qualified for the 2X Challenge,” Emmanuel Haye, Head of Financial Institutions Africa at Proparco.
