-Ad-KCB Group and the African Export-Import Bank (Afreximbank) are partnering to inject a combined $800 million in financing to operationalize the Vipingo Special Economic Zone (SEZ), a major industrial project in Kenya’s Kilifi County. Under the terms of the new memorandum of understanding, Afreximbank has committed $500 million, while KCB Group will provide $300 million. The pan-African bank’s $500 million commitment falls under its $3 Billion Country Programme for Kenya, which was signed in May 2023. Afreximbank had previously disbursed $40 million to facilitate the initial development of the Vipingo SEZ infrastructure. The new, larger tranche of funding is specifically earmarked to support the individual companies that will populate the zone.