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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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Family Bank has secured a $20 million (Sh2.6 billion) facility from British International Investment (BII) for onward lending to micro, small and medium-sized enterprises (MSMEs) in trade-related sectors. BII is a United Kingdom-based development finance institution and impact investor.
This partnership, which seeks to bolster trade financing in the country, will have a minimum of 75 per cent of the funds directed towards financing trade for MSMEs.
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