USAID, General Electric to finance health programme in Kenya
Wednesday, January 29, 2014
USAID, GE partner with Kenyan bank to finance health programme – The US Agency for International Development (USAID) and General Electric (GE), in conjunction with Kenya Commercial Bank (KCB), Tuesday announced a new partnership that will make up to US$ 10 million in local financing available to small- and medium-enterprises in the country.
The partnership deal, sealed in Nairobi, seeks to enhance the development of private health facilities, including small clinics, diagnostic centres and hospitals in Kenya.
The first of its kind transaction, unveiled in a ceremony at the Nairobi Serena Hotel, was designed in response to the lack of local credit for health facilities in Kenya to purchase much-needed equipment in response to increasing demand for medical and diagnostic imaging services in the private sector.