ABC Bank has financed a Ksh. 700 m construction project by AMECEA (Association of Member Episcopal Conferences in Eastern Africa) in the up-market Lavington area of Nairobi. The ground breaking ceremony was held on 26th May.
ABC Bank Group CEO Sridhar Natarajan and Group General Manager Peter Kinyanjui attended the ground breaking ceremony. “Through this financing agreement, we are reaffirming our commitment to support our customers’ aspirations. Our vision is to enable you achieve the extra ordinary, and I believe what we are witnessing here today is beyond the ordinary”, said the Group CEO during the ceremony.
The new property will be located in Nairobi’s up market, Lavington area. Once complete the property will house a shopping mall, furnished apartments and offices. This is expected to plug the gap in the property market demand.
AMECEA is an institution of the Catholic Church in Eastern Africa, which exists to empower the society financially, alleviate poverty and support sustainable development in the region. This construction project will create a sustainable revenue stream to enable the organization fulfill its mandate.
Similarly, ABC Bank’s strategy is anchored on a commitment to contributing to the improvement of livelihoods of Kenyans. To achieve this, the bank continues to seek collaborations with like-minded institutions to support initiatives that will advance that objective.