Serrari Group

NCBA Group has announced a strategic partnership with Proparco, a leading French firm, to bolster Kenya’s small and medium enterprises (SMEs) with a substantial Sh6.75 billion funding injection. The collaboration, solidified with a handshake between NCBA Group MD John Gachora and Proparco’s Regional Head for East Africa, Audrey Maignan, signals a concerted effort to uplift women-led businesses and drive green financing initiatives.

Under the agreement, NCBA pledges 60 per cent of the funding towards SMEs, particularly those spearheaded by women, while the remaining 40 per cent will be channeled into green financing endeavors. This initiative resonates with NCBA’s overarching sustainability agenda, epitomized by the “Change The Story” platform.

During the signing ceremony held in Nairobi, John Gachora, NCBA Group MD, expressed gratitude to Proparco for their pivotal role in enabling NCBA to fulfill its sustainability commitments. Gachora emphasized the collaborative spirit and strategic partnerships as essential elements in delivering value to stakeholders, aligning with NCBA’s ethos of shared prosperity.

NCBA’s “Change the Story” platform, initiated in 2023, underscores the bank’s commitment to sustainable development, focusing on mobilizing funds for green and sustainable financing, increasing procurement spend on women and youth, and championing diversity and inclusion.

The allocated funds will be strategically deployed by NCBA, encompassing unsecured loans, procurement, and working capital, with a targeted approach towards women-led enterprises across key sectors such as manufacturing, agriculture, and services.

Audrey Maignan, Proparco’s Regional Head for East Africa, highlighted the firm’s dedication to partnering with the banking sector to address environmental and social challenges on a global scale.

French Ambassador to Kenya, Arnoud Suquet, reaffirmed France’s support for Kenyan SMEs, citing significant investments totaling $1 billion to date through the Choose Africa initiative.

In addition to the Proparco deal, NCBA unveiled an ambitious investment plan to expand its footprint in Kenya, with a focus on enhancing support for SMEs and corporate clients, while advancing financial inclusion objectives.

Through this transformative partnership, NCBA Group aims to catalyze sectoral investments in agriculture and manufacturing, while actively participating in initiatives promoting women in entrepreneurship and SMEs, such as the 2X Challenge.

NCBA’s collaboration with Proparco underscores the importance of strategic partnerships in driving sustainable development and fostering economic resilience within the SME ecosystem.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

2nd May, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023