Equity, lobby in Sh200b deal to lift SMEs out of pandemic

Richard Ngatia and Polycarp Igathe Kenya National Chamber of Commerce and Industry (KNCCI) Chamber President Richard Ngatia (left) and Equity Group Chief Commercial Officer, Polycarp Igathe (right) display the signed MOU documents at KNCCI offices in Heritan House. Equity and KNCCI have entered into a partnership that will see a potential 3 million enterprises benefit from a kitty of Ksh 200 billion set aside by Equity for KNCCI members to access as part of the post COVID-19 financial support for businesses. (James Wanzala, Standard)

Equity Bank has set aside Sh200 billion to support businesses with post-Covid-19 recovery.

The bank yesterday signed a Memorandum of Understanding with the Kenya National Chamber of Commerce and Industry (KNCCI) that will see three million enterprises access financial support and training to help them recover from the losses caused by the pandemic.