Equity Bank $148 milllion loan facility

2/8/2015

Financing

Value:

$ 148 million

Status:

Announced

Date:

2/8/2015

Overview:

Equity Bank, a Nairobi, Kenya-based financial services company, received a $148 million credit facility from the Africa Development Bank.
The loan is expected to fund development in the private sector.
In a statement, Equity Group Holdings said the funds would be available in local and foreign currency and to micro, small and medium enterprises seeking loans.

Rani Mehta - Journalist

Jurisdiction:

Kenya

Deal type:

Financing

Practice area:

Banking

Industry sector:

Banking

Firm:

Iseme Kamau & Maema Advocates

Party: African Development Bank (Lender)

Lawyer: David Lekerai

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