The International Finance Corporation (IFC) is set to lend the Kenyan banking subsidiary of Equity Group #ticker:EQTY $165 million (Sh18.6 billion), marking one of the largest single credit facilities to a local lender.
The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed firm for Sh13.9 billion, underlining the growing commercial ties between the parties.
