Equity unveils Sh684bn war chest for Africa business resilience - VIDEO

Equity Bank branch on Muindi Mbingu Street in Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

Equity Group #ticker:EQTY has unveiled a Sh684 billion ($6 billion) war chest to lend to five million businesses in its Africa Covid-19 pandemic recovery and resilience plan.

The lender says it has internal capacity to lend Sh513.2 billion ($4.5 billion) supported by customer deposits and it has also partnered with development finance institutions which have provided Sh171 billion ($1.5 billion) to be on lent to small businesses.

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