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Image header Agence Europe
Europe Daily Bulletin No. 10592
Contents Publication in full By article 12 / 24
SECTORAL POLICY / (ae) eib

€120 million for SMEs in Kenya and East Africa

Brussels, 11/04/2012 (Agence Europe) - The European Investment Bank announced on Wednesday 11 April that it was to allocate €70 million in loans to Kenyan banks so that they can lend on to local small and medium-sized businesses (SMEs). The following credit establishments will be involved: the Co-operative Bank and the Housing Finance Company Limited. A further sum of €50 million will be allocated by the Bank for micro-companies throughout East Africa, an EIB press releases states. The...

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A LOOK BEHIND THE NEWS
ECONOMY - FINANCE
SECTORAL POLICY
EXTERNAL ACTION