NCBA Group, a Kenyan financial services company, has forged a strategic partnership with Proparco, a French investment firm, to empower Kenya’s small and medium enterprises (SMEs) with a significant 6.75 billion Kenyan shillings ($50 million) funding boost. The collaboration aims to uplift women-led businesses and promote green financing initiatives. NCBA pledges 60 percent of the funding towards SMEs, particularly those led by women, while the remaining 40 percent will support green financing endeavors, aligning with NCBA’s sustainability agenda embodied by the Change The Story platform.
This partnership underscores NCBA’s commitment to sustainable development, focusing on mobilizing funds for green financing and increasing support for women-led enterprises across key sectors like manufacturing and agriculture. Through strategic deployment of funds and collaborative efforts, NCBA aims to catalyze investments in agriculture and manufacturing, advancing financial inclusion and promoting SMEs’ resilience in Kenya's economic landscape.