It will also provide them with capacity building, partnerships, and grants for key initiatives in education, health, and entrepreneurship.

“We continue to center our strategic priorities on growth drivers that are sustainable and beneficial for our people, clients and the entire environmental ecosystem,” said Stanbic CEO Joshua Oigara.

“Through sustainable financing and strategic partnerships, we continue to implement market specific solutions that drive inclusion, social, economic growth and environmental (SEE) stewardship,” Oigara added.

The lender also said it has identified key impact areas and set goals for its three-year plan, with green financing accounting for 10 percent of the total book by December 2023.

”We continue to deploy tools, systems and capabilities to drive sustainability, mitigate risk and create sustainable value for our clients, partners, shareholders and community,” said Stanbic’s head of sustainability, William Khamasi.

“Aligned with our purpose to drive growth in Kenya and South Sudan, we are well equipped to contribute to several sustainable development goals (SDG) priorities through funding, capacity building and innovation,” he added.

Khamasi insisted that climate change remains a cardinal focus area, adding that the bank is keen on supporting green projects and the blue economy.