Green Initiatives : Empowering youth and women through finance
A KSh 2 billion fund at NCBA is financing the purchase of 5,000 electric vehicles and the installation of EV charging stations across the region.
If you are a young person or a woman looking to enter the electric cab business, or perhaps you are considering setting up an electric charging station, NCBA can help fuel your dreams.
By going green and strategically investing in sustainable businesses, NCBA aims to reduce fossil fuel reliance and enhance resource efficiency.
To this end, a KSh 2 billion fund at NCBA is financing the purchase of 5,000 electric vehicles and the installation of EV charging stations across the region.
For NCBA Group Managing Director, John Gachora, this is a tangible highlight of the “Change the Story” initiative.
“Change the Story”, which underscores NCBA’s commitment to environmental conservation, aims to drive sustainable change in the communities NCBA serves. The initiative is anchored on five strategic pillars and a set of 15 bold commitments.
Its second pillar is driving the transition to low-carbon emission operating models through green financing and developing supporting infrastructure to support the adoption of E-mobility in the Kenyan market.
To support women entrepreneurs, NCBA has for the past year been implementing a KSh 6.5 billion partnership with Proparco, a subsidiary of the AFD Group focused on private sector development.
This anchors the fifth pillar of “Change the Story”, which is about optimising corporate governance by promoting diversity, equity, and inclusion.
Through green and inclusive financing, NCBA intends to further contribute to the development of resilient businesses that are better equipped to navigate environmental and social challenges and capitalise on emerging opportunities.
Investing in companies and projects that prioritise sustainability is a win-win for NCBA. Good for the business and good for the environment.