NAIROBI, KENYA, June 21, 2018 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to Victoria Commercial Bank Limited (VCB) of Kenya. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The financing will provide a long-term funding source for Victoria to support its small and medium-sized enterprise (SME) lending in Kenya, retaining a sizeable portion for woman owned and managed enterprises and “green” loans. In addition to the support for SMEs in Kenya, the developmental impact of the proposed WBC loan is enhanced by a number of socially responsible initiatives in Kenya that VCB currently sponsors.

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HARTFORD, CONNECTICUT, May 21, 2018 – U.S. Secretary of Commerce Wilbur Ross presented WorldBusiness Capital, Inc. (WBC) with the President’s “E” Award for Exports at a ceremony today in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. Brett Silvers, WBC’s President & CEO, and Leslie Galbraith, WBC’s Executive Vice President & CFO, received the Award on behalf of the company.

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