Equity Bank is the biggest beneficiary of the Sh111.7 billion investments in 31 Kenyan firms by the International Finance Corporation, having received nearly 40 percent of the global financier’s portfolio in the country.
A disclosure by the World Bank Group - the parent of International Finance Corporation (IFC)—shows that Equity had received Sh42 billion from IFC by April last year, with a bulk of the investment being quasi-equity, a hybrid form of finance with characteristics of both debt and equity investments.
