More women owned SMEs to benefit from newly signed Equity SME grant

A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned and led MSMES across Kenya, Uganda, Rwanda, and DRC, Equity Group Holdings Managing Director and CEO Dr James Mwangi has said. Speaking during the recently signed Kshs 8.25 billion agreement with the African Guarantee Fund, Dr Mwangi said the move is aimed at giving equal opportunity to men and women without discrimination while derisking the SME segment. This is also part of the bank’s commitment to the Sustainable Development Goal…

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Equity Continues Its Commitment to MSMEs to Sustain and Scale Their Operations with Funds

Equity Group Holdings has signed a Kshs 16.5 Billion loan facility with the European Investment Bank (EIB) and the European Union (EU) in its continued commitment to strategically walk with MSMEs during the three years the COVID-19 pandemic is expected to adversely affect the business operating environment as a result of the adoption of COVID-19 coping and containment measures. Equity Group, the EIB and the EU chose to have the loan facility in Kenya Shillings to match the operating currency of SME businesses and eliminate the risk of foreign exchange…

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