Equity set to get Sh11bn AfDB loan

Equity Centre in UpperHill Nairobi.

Photo credit: File | Nation Media Group

Equity Group #ticker:EQTY is set to receive a $100 million (Sh11 billion) loan from the African Development Bank (AfDB) to shore up its capital as it seeks to grow its lending capacity.

The loan, whose interest rate was not disclosed, matures in seven years and is the latest to be tapped by the lender in recent months.

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