Gulf African Bank
Sector: Commercial • Location: Kenya
Source: International Finance Corporation (IFC)
The proposed investment consists of a US$5million equity investment in Gulf African Bank (GAB or the Bank) one of only two fully fledged Islamic banks in Kenya. The equity investment by IFC will enhance GAB’s capital strength and provide additional capacity for growth as the Bank expands its SME and Corporate lending business (the Project). In addition to the equity investment, a further US$3 mil
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed investment consists of a US$5million equity investment in Gulf African Bank (GAB or the Bank) one of only two fully fledged Islamic banks in Kenya. The equity investment by IFC will enhance GAB’s capital strength and provide additional capacity for growth as the Bank expands its SME and Corporate lending business (the Project). In addition to the equity investment, a further US$3 million trade line will be made available by IFC to the Bank under IFC’s Global Trade Finance Program (GTFP). The Project provides an opportunity for IFC to partner with a pioneer financial institution that has embarked on developing a sustainable Islamic banking market in Kenya with medium term plans to expand within East Africa. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |