European Investment Bank (EIB) is set to hold its SME and Microfinance Banking Forum for Eastern Africa in Nairobi. It is the second time the event will take place in Kenya.
The two- day forum aims at improving the economic and social impact of private sector financing supported by the lending arm of the European Union in East Africa.
EIB has also partnered with the Trade and Development Bank and AFC Consultants so as to enable international finance experts to share experience and best practice with leading regional banks and microfinance institutions.
The event will bring together more than 110 regional banking, microfinance and business leaders, international finance experts and foreign Ambassadors to share experience and best practice. Click To Tweet
Local businesses will also get direct feedback to improve business plans and enhance their growth strategies.
“Enabling a thriving private sector is essential to create jobs, unlock economic opportunities and improve social development… cooperation between African and European partners here in East Africa has enabled the European Investment Bank, the EU Bank, and EU supported technical assistance to strengthen the impact of tailor-made lending programmes…” said Ambassador Simon Mordue, Head of the European Union Delegation in Nairobi.
The EIB supported 60 projects across Africa in 2018 with €3.3 billion in investment. €1.6 billion went to private companies in sectors such as telecommunication, energy and agriculture.