Kenyan Company Equity Bank Receives USD 149 Mn From European Institutions

Kenyan financial service holding company, Equity Bank, has received USD 149 Mn in debt financing from the European Investment Bank (EIB), and the European Union. The investment covers two purposes, with USD 58.7 Mn to lend to the agriculture sector, and USD 90.3 Mn into financing MSMEs. EIB offered additional grant worth USD 24 Mn to provide technical assistance to Equity Bank in enhancing its finance capacity.

Equity Group Holdings (EGHL) is a Pan-African financial service holding company which aims to provide finance to businesses, sustain employment, and help markets stay open for goods and services.