Standard Chartered Bank Kenya branch signed a $100 million agreement with a UK-based international investment company to support small businesses.

The East African reported that Standard Chartered Bank Kenya Limited has signed a $100 million agreement with the UK International Investment Corporation aimed at supporting trade finance and working capital needs for micro, small, and medium-sized enterprises. The Nairobi-based newspaper stated that this partnership will involve risk-sharing between the two companies, enabling them to increase lending to this market segment - which often struggles to access much-needed trade finance solutions.