NCBA Group on Monday, March 18 signed a Ksh6.7 billion (USD50 million) deal with Proparco, a subsidiary of the AFD Group, to boost its 'Change The Story' sustainability agenda.
The funds will be used to facilitate NCBA's projects towards green financing and women's economic empowerment in Kenya. Additionally, through the deal, NCBA Group will enhance sectoral investments in agriculture and manufacturing as well as join the 2X challenge, an initiative promoting women in entrepreneurship and SMEs.
NCBA Group Managing Director, John Gachora emphasised that the company was grateful to Proparco for the partnership which will enable them to meet their sustainability commitments.
" As NCBA, collaborative efforts and strategic partnerships are integral to the value that we deliver to all our stakeholders. I believe that with this partnership, we will deepen our shared goals to fostering sustainable economic development and advancing the cause of green finance, women empowerment, and SME growth," he added.