AfDB approves Sh7.8b facility for Equity to boost exporters

Exporters and cross-border traders have received a major boost with the approval of a Sh7.8 billion ($60 million) financial guarantee facility from the African Development Bank (AfDB) to Equity Bank Kenya.The move is designed to directly ease the flow of goods and payments across borders. The facility, dubbed Transaction Guarantee, will act as a powerful financial incentive for local businesses.Get Full Access for Ksh299/WeekBold Reporting Takes Time, Courage and Investment. Stand With Us.Support Bold JournalismUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

The move is designed to directly ease the flow of goods and payments across borders. The facility, dubbed Transaction Guarantee, will act as a powerful financial incentive for local businesses.Get Full Access for Ksh299/WeekBold Reporting Takes Time, Courage and Investment. Stand With Us.Support Bold JournalismUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

Subscribe to our newsletter and stay updated on the latest developments and special
offers!

Pick your favourite topics below for a tailor made homepage just for you