Equity Bank gets Sh5.6bn for lending to enterprises

Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG

Equity Bank Kenya #ticker:EQTY is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses.

UK’s Minister for Africa, Vicky Ford MP said the funds will be used to help the bank serve more Kenyans, especially small businesses, to boost business prosperity and help drive Kenya's economic growth.

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