Equity Bank Kenya , the flagship subsidiary of James Mwangi-led Equity Group, has secured a 60 million Trade Finance Transaction Guarantee from the African Development Bank Group AfDB, strengthening the lenders ability to support small and medium-sized enterprises SMEs and corporates engaged in cross-border trade.
The facility , marking a strategic boost to the banks trade finance capabilities, allows Equity Bank to fully guarantee trade-related payment obligations issued on behalf of its customers, reducing counterparty risk for confirming banks at a time when African businesses continue to face funding and risk-mitigation constraints, and improving confidence in Kenyas import and export transactions.
Unlocking trade flows and SME growth
