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World Bank gives Sh5b for lending to small enterprises

The World Bank has given Equity Bank a Sh5 billion loan for onward lending to small and medium-sized enterprises to help them recover from the economic disruption of the Covid-19 pandemic. 

The funds are drawn from the World Bank’s Sh800 billion global facility through its investment arm, International Finance Corporation, and is expected to support SMEs in the manufacturing, health, trade, transport and consumer goods sectors. 

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