Stanbic Bank unveils 100% financing for solar

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Stanbic Bank Kenya has partnered with solar energy company Safer Power Limited to provide 100% financing for SMEs investing in solar. The move underscores a trend in banking, where institutions increasingly prefer lending to businesses over households, viewing SMEs as lower-risk and more capable of repaying loans.

• Captive power has grown to 603 MW, representing 15% of Kenya’s installed capacity. Solar, in particular, makes up half of this as businesses adopt it for reliability and cost savings.

• Stanbic joins KCB bank, which recently partnered with renewable energy firms Sentimental Energy and Miale Solar to provide schools with collateral-free green loans for solar solutions. 

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