Equity inks deal with Chinese firm

Equity Group Holdings PLC has signed a two-year partnership agreement with China National Aero-technology International Engineering Corporation (AVIC-ENG).

Through the deal, Equity Group will collaborate in facilitating access to credit to AVIC-ENG in Kenya and neighbouring Uganda, Rwanda, South Sudan, DRC and Tanzania.

Equity Group’s CEO James Mwangi said the partnership signals the confidence and trust in the country.

AVIC-ENG Managing Director Gao Bingsheng, said the company’s commitment to growing its number of investments in the country, Uganda, Tanzania, South Sudan, Burundi and Rwanda.