Kenya - Equity Bank Limited

The African Development Bank (AfDB) approved on November 5, 2014, in Abidjan, a USD 148 million multi-sector senior Line of Credit (LoC) to Equity Bank Limited of Kenya (Equity Bank) for on-lending to key economic sectors in the country. The LoC will contribute to Equity Bank's continued financing of projects that are strategically important to the country's development agenda by supporting the expansion of credit to SMEs, with associated benefits in private sector development, inclusive growth, increased employment and higher government tax revenues. It is well aligned with both the Kenyan Government's and the Bank's priority areas. The LoC will enhance SME access to finance therefore contributing to their growth and development, and will contribute to helping Kenya further its growth and development aspirations.