Equity receives Ksh. 10B from Proparco to support Kenyans SMEs

Equity receives Ksh. 10B from Proparco to support Kenyans SMEs

Equity Group Holdings has announced that it has signed a Ksh. 10 billion partnership with Proparco (Agence Française de Développement Group) to support Kenyan SMEs. The deal between Equity Group Holdings and Proparco, a French Development Finance Institution, will allow the Kenyan bank to grow and continue its support MSMEs, women entrepreneurs and development of […]

KNCCI, Equity Bank Ink Sh200bn Deal To Support Kenyan Businesses

KNCCI, Equity Bank Ink Sh200bn Deal To Support Kenyan Businesses

NAIROBI, Kenya, Oct 13- The Kenya National Chamber of Commerce and Industry and Equity Bank on Tuesday signed a Memorandum of understanding (MoU), that will see the financial institution set aside Sh200 billion for the chambers to access as part of the post-COVID-19 financial support for businesses. Under the MoU, the two institutions will provide […]

Equity gets Sh10.8bn for lending to SMEs

Equity gets Sh10.8bn for lending to SMEs

Equity Group has signed a Sh10.8 billion ($100 million) loan agreement with French development institution Proparco for onward lending to small and medium-sized enterprises (SMEs). The bank’s chief executive James Mwangi said the funds would be deployed to help Kenyan enterprises alleviate sudden economic disruptions caused by the Covid-19 outbreak. "The impact of the Covid-19 […]

COVID-19: Good news for MSMEs as Equity Bank secures KSh 10 bn kitty to help them recover from economic shock

COVID-19: Good news for MSMEs as Equity Bank secures KSh 10 bn kitty to help them recover from economic shock

– The deal brings together a strategic partnership for job creation and sustainable development – New partnership will allow Equity to access funding for Kenyan MSMEs focused on job creation – Funding is part of the French initiative Choose Africa dedicated to supporting MSMEs in Africa – Part of the funding will also support projects […]