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Nairobi, Kenya - A new partnership among Kenya Commercial Bank (KCB), the U.S. Agency for International Development (USAID) and General Electric Company (GE) will make $10 million in local financing available to small and medium enterprises in Kenya to develop private health facilities such as small clinics, diagnostic centers and hospitals."This first-of-its-kind transaction was designed in response to the lack of local credit for health facilities in Kenya to purchase much-needed medical and diagnostic imaging equipment. The risk-sharing agreement with USAID will allow KCB to take additional lending risks for clients in the health sector seeking to purchase GE equipment," USAID said in a January 28 press release.

Christine Lagarde, the International Monetary Fund Managing Director, warned Kenya that the East African Community Monetary Union "should be the last thing Kenya gets into."