Investment funds in local SMEs - proposed transaction - Sidian Bank - Kenya

Sidian bank is a Kenyan commercial bank and due to its historical focus on microfinance has a large branch network serving 80 percent of the country, which is unique for a bank of this size. Sidian's outreach to SMEs and women (26 percent) and across rural areas (~50 percent of GLP), as well as its product offer to the agriculture value chain, all align well with the fund. DGGF will provide a subordinated loan to Sidian Bank Ltd. of USD 5 million.