Kenya’s Equity Group Holdings said on Wednesday it had launched a lending facility worth 75 billion Kenyan shillings (US$684.62M) targeting small and medium enterprises to help jumpsart them after the economic impact of coronavirus pandemic.

“For the SMEs that have been out out of business for a year, working capital has been depleted,” CEO James Mwangi said at a news conference in the capital Nairobi.

Source: Reuters via Furtherafrica