Equity Group #ticker:EQTY Wednesday signed a Sh10.96 billion ($100 million) loan deal with leading European development banks as it seeks to deepen lending to micro small and medium-sized enterprises (MSMEs) hit by Covid-19 disruptions.
The loan from Germany’s DEG, the Netherland’s FMO and Britain’s CDC Group, comes barely a week after the lender also received Sh16.52 billion (€125 million) loan from European Investment Bank (EIB) and European Commission.
