KENYA BANKERS ASSOCIATION
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Kenya Banker's Association (KBA) is Kenya's umbrella body of licensed commercial banks with a current membership of 43 banks. KBA represents the interests of its member banks in negotiating terms and conditions of service for bank employees. The organization also seeks standardization of management practices so as to improve harmonization in the industry.
What is our funding objective?
In partnership with UNEP FI, FMO and DEG ("the partners"), the KBA is seeking to organize a Sustainable Finance Initiative in Kenya. The initiative aims to raise awareness on both environmental and social (E&S) risk management in the banking sector and business opportunities linked to sustainability. It will encourage banks to comprehensively address E&S risks in their lending and investment practices, and engage on a sector-wide E&S initiative to build capacity within Kenya's financial institutions.
Why do we fund this investment?
Based on the success of previous sector initiatives in Nigeria, Bangladesh, Mongolia and Paraguay, FMO strongly believes in the potential and opportunities created when banks cooperate to develop sustainable banking principles for the sector. Success in Kenya could also potentially be replicated in neighboring countries, thereby multiplying the impact of these sector-wide E&S initiatives across the region.
More investments
| Date | Total FMO financing |
|---|---|
| 10/13/2021 | EUR 0.33 MLN |
- Website customer/investment
- http://www.kba.co.ke
- Region
- Africa
- Country
- Kenya
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 8/13/2013
- End date
- 6/19/2019
- Total FMO financing
- EUR 0.06 MLN
- Funding
- FMO NV