The African Development Bank (AfDB) has approved a Sh7.8 billion (USD 60 million) financial guarantee facility for Equity Bank Kenya to boost exporters and cross-border traders. This “Transaction Guarantee” facility aims to ease the flow of goods and payments across borders, providing a significant financial incentive for local businesses.

• The facility is valued at Sh7.8 billion (USD 60 million).
• The recipient of the facility is Equity Bank Kenya.
• The provider of the facility is the African Development Bank (AfDB).
• The purpose is to facilitate cross-border trade and support exporters in Kenya.