Commercial Bank of Africa plans to ex- pand its market reach to small and medium level traders through a new fund. The bank has partnered with African Guar- antee Fund to launch a Sh200 million credit guarantee cover for distributors through its Small and Medium Entreprise financing schemes. CBA Kenya chief executive Jeremy Ngunze said the fund will enable CBA to better price its loans for small traders by providing greater risk coverage. “This will enable us service our existing SME customers mainly in the fast moving con- sumer goods sector. We also target to reach new ones,” Ngunze said...
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