The Cooperative Bank of Kenya to manage targeted EIB East Africa COVID-19 Rapid Response support for new private sector investment across Kenya

Latest EIB partnership with the Cooperative Bank of Kenya confirmed ahead of EIB Nairobi Hub launch
Companies to benefit from working capital and long-term local currency loans

New investment by companies active in sectors most challenged by the COVID-19 pandemic will be accelerated by a new EUR 50 million targeted financing initiative launched in Nairobi today by the European Investment Bank and the Cooperative Bank of Kenya. The new business financing programme will also be supported by European Union grants.

By Fred Azelwa.