Equity unveils $4b recovery plan for regional economies
From left to right: DRC Embassy second secretary Botuli Bosaw Geoffrey, Kenya Trade Cabinet Secretary Betty Maina and Equity Group CEO James Mwangi in Nairobi on November 1. FILE PHOTO | COURTESY
Equity Bank, in collaboration with 37 partners that include UN agencies and development financial institutions, has developed a plan to accelerate post-Covid economic recovery in the East and Central African region through a private sector-driven $4.68 billion stimulus package.
The Marshall Plan, which borrows heavily from the $15 billion US-led European Recovery Programme following the devastation of World War II, aims to support economic revival in South Sudan, the DRC, Kenya, Tanzania, Rwanda and Uganda, countries in which the lender is present.
