World Bank Backs Kenya Green SME Fund

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Kenya secured KSh5.5 billion ($43 million) from the World Bank to expand green investments through the Kenya Development Corporation’s Green Investment Fund. The financing targets small and medium-sized enterprises adopting climate-friendly technologies in sectors including electric mobility, energy-efficient buildings, sustainable agriculture, and waste management. Implemented under the Kenya Jobs and Economic Transformation Project, the initiative aims to crowd in private capital, support job creation, and strengthen SME access to sustainable finance.