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Equity Group Holdings and the African Guarantee Fund (AGF) have strengthened their commitment to supporting micro, small, and medium enterprises (MSMEs) with a $500 million (Sh64.5 billion) facility.
The facility targets MSMEs in Kenya, Uganda, Rwanda, Tanzania, and the Democratic Republic of Congo, with plans to extend to future Equity Group subsidiaries over the next 10 years. It will enable Equity Group to increase its lending activities to MSMEs, with the initiative projected to sustain over 50,000 jobs, the firms said in a joint statement.
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