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Equity has signed a Memorandum of Understanding with Crown Healthcare to enable SMEs in the medical sector to acquire medical equipment . Under the agreement, Equity will provide equipment financing, trade finance solutions, working capital facilities as well as offer the bank’s products and services at customized and competitive terms.
Nairobi, 28th July 2020… Equity has scooped three top awards at this year’s Euromoney Awards for Excellence. The Bank has been awarded Best Bank in Africa, Excellence in Leadership in Africa and for the second time in a row, Africa’s Best Digital Bank.
Read more: Equity Recognized As The Best Bank In Africa At The 2020 Euromoney Awards
The Kenya COVID-19 Fund Board, in partnership with Kenya Association of Manufacturers (KAM) and Equity Group Foundation (EGF) have taken a strategic long-term view on how to mitigate issues of supply chain disruption through capacity building of local manufacturers.
The loan, which will ultimately support hundreds of Kenyan businesses in the manufacturing, health, trade, transport, and consumer goods sectors, is part of IFC’s global $8 billion fast-track COVID-19 facility, announced in March and designed to help businesses maintain operations and jobs during—and after— the COVID-19 crisis.
Read more: IFC Announces $50 Million Loan to Equity Bank to Support Kenyan SMEs During COVID-19
Frontline public healthcare staff dealing with COVID-19 patients will receive training on case management, and on the application and use of Personal Protective Equipment (PPE’s) and on psychosocial support to help them cope with the daily challenges occasioned by their service in the fight against COVID-19 in the country.
