Equity Group gets Sh11 billion from AfDB for trans-African expansion

James Mwangi, Equity Group CEO (PHOTO: FILE)

Equity Group Holdings (EGH) has signed a USD 100 million loan (Sh11 billion) facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises (SMEs) as it grows.

In addition to operating in seven African countries – Kenya, Rwanda, Uganda, South Sudan, Tanzania, the Democratic Republic of the Congo and Ethiopia, the Group recently expanded its operations in the DRC by merging its existing operations of Equity Bank Congo with the acquisition of BCDC to form Equity BCDC, now the second-largest financial services company in the country.