Kenya - Equity Bank Limited


Project Summary

Approval Date 05 Nov 2014
Signature Date 03 Jul 2015
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 108,160,252.57
Status Implementation

Project General Description

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.

Project Objectives

The LoC approved by the AfDB Board is expected to further leverage Equity Bank’s capacity to deepen its lending activities to vital economic sectors such as manufacturing, agribusiness, transportation, financial services, telecommunications, construction and energy.

Beneficiaries

The Government of Kenya, the SMEs and the population.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-KE-HAB-003
Last Update 31 Oct 2019

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Kenya
Coordinates Location Name
-1.28333 36.81667 Nairobi