EQUITY BANK SETS ASIDE KSH200 BILLION IN MARSHAL PLAN FOR BUSINESSES REGISTERED WITH CHAMBER OF COMM

Nairobi, Kenya 13th October 2020

By Clive Ayuko

The membership based trade support institution Kenya National Chamber of Commerce and Industry (KNCCI) and Equity Bank Kenya – the largest subsidiary of Equity Group Holdings-  early morning today signed a memorandum of understanding that has seen the bank set aside ksh200 billion for businesses registered with the Kenya National Chamber of Commerce and Industry. The funds; a post Covid 19 financial support package is meant to cushion members of the trade facilitation body from the negative effecs of the Covid 19 pandemic on business enterprises.

Chamber President Richard Ngatia middle, Equity Group Holdings Chief Commercial Officer Polycarp Igathe (On his left) Chair of Credit Reference Bureau Metropol Cheif Executive Sam Omukoko to his right during the unveiling of the partnership. Image courtesy Whistling African.

Under the partnership a potential three million (3 million) business enterprises will receive training and financial support necessary to help their business stay afloat amidst the delibitating effect of the Covid 19 pandemic on businesses

Speaking during the launch ceremony at the Chamber Headquaters  in Hurlighum Nairobi, Chamber President Richard Ngatia, emphasizes that the partnership will see both equity and KNCCI work together to support the development of financial solutions geared towards addressing the tailored financial needs of various business under the trade facilitation body.

Also present during the launch Equity Group Holdings Chief Commercial Officer Polycarp Igathe said; ” the bank is committed to supporting local businesses to survive, recover and thrive post Covid-19 and help them create more jobs.

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