Equity Group Managing Director & CEO, Dr. James Mwangi during the lender's full year results briefing for the year ended December 31, 2022 at the Upperhill headquarters, Nairobi, on March 22, 2022.
The International Finance Corporation (IFC) is to provide a Sh2.9 billion loan to Equity Bank’s Democratic Republic of Congo (DRC) subsidiary to support lending to small and medium enterprises (SMEs).
The funds will support Equity Banque Commerciale du Congo (Equity BCDC) to de-risk and scale up its lending to small businesses, particularly the women-owned SMEs in the DRC.
