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- Mr. Paul Russo (from left), Group CEO KCB Group PLC; Ms. Oluranti Doherty, Managing Director Export Development, Afreximbank and Mr. George Olaka, CEO Arise IIP-Kenya during the signing of the US$800 million funding deal for Vipingo Special Economic Zone (SEZ) in Kilifi County. They are flanked by Mr. Gagan Gupta (left), Founder and CEO Arise IIP, H.E. William Ruto, President of the Republic of Kenya and Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank
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KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)
Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative
KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have entered a Memorandum of Understanding (MOU) aimed at providing financial and trade facilitation support to investors operating in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank and KCB Group will provide initial…