The loan, a tier two facility with a seven-year maturity, is expected to promote EGH’s ability to offer bespoke products to MSMEs, strengthen its balance sheet and optimize its capital structure across the continent with a special focus on women and youth entrepreneurs. Image Credit: Twitter(@SAgovnews) The African Development Bank and Equity Group Holdings (EGH) […]
Friday, March 26, 2021/ 12:50PM / United Capital Research / Header Image Credit: Worldbank Group Anglophone West Africa Ghana Rating agency, Fitch assigned Ghana’s (B/Stable) proposed senior unsecured foreign-currency bonds a ‘B’ rating. Fitch highlighted the bond’s sensitivity to certain factors such as public finances, external finances, and the general macro-environment in Ghana. Ghana’s central […]
The Fintech Times Bi-Weekly News Roundup brings you the latest global fintech stories this Thursday. Paysafe’ s Skrill digital wallet has expanded to the US with currency platform Coinbase , while Jumio has secured a $150million funding round. On the move Atidot, the AI and machine learning provider for life insurers, has appointed Valentina Isakina […]
FILE | Equity Group CEO Dr. James Mwangi Equity Group Holdings (EGH) has signed a USD $100 million loan (Ksh 11 Billion) facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises (SMEs as it grows. In addition to operating in 7 African countries – Kenya, […]
Kenya-headquartered financial services holding company Equity Group Holdings has secured a USD 100 million loan facility from three European development finance institutions. Continuing with its commitment to help micro, small, and medium sized enterprises (MSMEs) to endure the Covid-19 pandemic, Equity Group Holdings has secured USD 100 million from development finance institutions (DFIs), the German […]
The United Nations system in Uganda and Equity Bank Uganda have established new partnerships for the acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country. The new partnership will promote social inclusion and improve economic outcomes for human development as well as contribute to the social-economic transformation of Uganda. Additionally, the […]
A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned and led MSMES across Kenya, Uganda, Rwanda and DRC. This is according to Equity Group Holdings Managing Director and CEO Dr James Mwangi. Dr. Mwangi was speaking during the recently signed Kshs 8.25 billion agreement […]
A substantial share of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned and led MSMES across Kenya, Uganda, Rwanda, and DRC, Equity Group Holdings Managing Director and CEO Dr James Mwangi has said. Speaking during the recently signed Kshs 8.25 billion agreement with the African Guarantee […]
Equity Group Holdings Plc has signed a US$100mn loan facility with Germany’s DEG, the UK’s CDC Group, and the Netherlands FMO in its continued commitment to walk with MSMEs to survive the pandemic, recover, repurpose and thrive during and after the COVID-19 crisis MSMEs is expected to continue to protect jobs, create more jobs and […]
• The USD 75 Million (Kshs 8.25 Billion) Guarantee Fund derisks women-owned and managed MSMEs access credit at affordable interest rates so as to recover and thrive in a Post COVID-19 Environment • The facility extends support to Equity Bank Kenya and three of the Group’s subsidiary operationsRwanda, Uganda and DRC • The Kshs 8.25 […]
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