The year 2020 was like no other. COVID-19 struck at the beginning of the year and the East Africa region had its first case of infection in early March. The global spread of the virus quickly became a pandemic.
Equity Group Holdings Plc. has signed a US $100 million (Kshs 11 Billion) loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the UK’s CDC Group 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 containments measures.
The African Guarantee Fund (AGF) and Equity Group Holdings Plc have signed an agreement which will provide a USD 75 Million (Kshs 8.25 Billion) guarantee fund to four of Equity’s bank subsidiaries within the Group. The facility is earmarked to support Equity to scale up its lending activities to women owned and managed Micro, Small and Medium Sized Enterprises in Kenya, Uganda, Rwanda and DRC
Dubbed the ‘Clean Cooking Project’, the initiative aims at supporting learning institutions to install modern technologies for cooking that are environmentally safe such as steam-based cooking, biofuels, sustainable biomass and Liquid Petroleum Gas (LPG).