Business Daily | by Brian Ngugi
Equity Group has signed a Sh10.8 billion ($100 million) loan agreement with French development institution Proparco for onward lending to small and medium-sized enterprises (SMEs).
The bank’s chief executive James Mwangi said the funds would be deployed to help Kenyan enterprises alleviate sudden economic disruptions caused by the Covid-19 outbreak.
“The impact of the Covid-19 pandemic started as a health crisis, which quickly became an economic crisis and humanitarian crisis that has seen almost 40 percent of Kenyan small business owners…
