Brussels, 06/02/2012 (Agence Europe) - On Wednesday 1 February, the European Investment Bank signed a contract with two Kenyan banks, ABC Bank and Consolidated Bank, worth €20 million. Kenyan companies will be the beneficiaries from this improved funding, which is essential for growth and investment. The European Investment Bank's Private Enterprise Finance Facility II will assist African Banking Corporation and Consolidated Bank of Kenya to provide long-term funding in Kenyan shillings, US dollars and euros to assist lending to local businesses seeking to expand or invest in new activities. This is similar to a previous scheme in Uganda that created 1,700 new jobs across the tourism, manufacturing, agribusiness, construction and education sectors. (OL/transl.fl)