CRDB BANK GETS 110 BILLION FOR INFRASTRUCTURE DEVELOPMENT

CRDB Bank Group CEO and Managing Director, Abdulmajid Nsekela.

CRDB Bank has received a guarantee of up to 110 billion from GuarantCo, a Private Infrastructure Development Group (PIDG) company.

The five years loan portfolio guarantee will allow the leading lender to more readily increase financing of infrastructure projects that will pave way for the growth of other key sectors such as agriculture, manufacturing and energy.

Speaking on the partnership, CRDB Bank Group CEO and Managing Director, Abdulmajid Nsekela said the partnership with GuarantCo demonstrates their long-standing commitment to supporting the economic growth of the country.

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