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Equity group, IFC Expand Partnership and Investment to Support Small Business and Climate-Smart Projects

Stephen Priestley, British International Investment Plc, Head of Financial Services and Africa Coverage (left), Mohamed Gouled, IFC Vice President, Risk and Finance (centre) and Dr. James Mwangi, Equity Group Managing Director and CEO (right) display signed partnership agreement documents. Equity Group, International Finance Corporation (IFC) and partners including British International Investment (BII), Dutch Development Bank (FMO) and Symbiotics and ResponsAbIility from Switzerland have signed a USD 165 million partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses.

Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses. The partnership has seen IFC and its partners including the Dutch Development Bank (FMO), British International Investment (BII) and Symbiotics, ResponsAbIility from Switzerland commit US$165 million (approx. Kes 19 billion) towards Equity’s `Africa Recovery and Resilience Plan’ that will see the Group, through its regional banking subsidiaries, finance at least 5 million MSMEs and 25 million households therefore creating 50 million…

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