In its going support programme, it has already funded opportunities in manufacturing of PPE’s, logistics, online businesses, agro-processing, fast moving consumer goods and agriculture value chains. "We are delighted to partner with DEG and FMO to provide much-needed capital to support entrepreneurs and SMEs in Kenya,"Dhanani said. Huib-Jan de Ruijter, Chief Investment Officer at FMO said: “ The facility will be a lifeline for the ‘missing middle’, providing businesses with much needed capital, while supporting jobs and communities. This is the fourth tranche for Equity Group after having signed a $50 million (Sh 5.5 billion) loan facility with IFC in September. It secured a $100 million (Sh11 billion) deal from PROPARCO in October and a € 125 million (Sh16.5 billion) loan facility signed last week with the European Investment Bank, to fortify credit flows and liquidity to MSMEs totaling Sh44 billion.

Source: The Star March 10, 2021 12:56 UTC