Equity Group Holdings plans trans-Africa expansion with $100m AfDB loan

The African Development Bank and Equity Group Holdings have signed a $100 million loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises.

The loan, a tier two facility with a seven-year maturity, is expected to promote EGH’s ability to offer bespoke products to MSMEs, strengthen its balance sheet and optimize its capital structure across the continent with a special focus on women and youth entrepreneurs.