Led by Kenya’s richest families, NCBA secures $50-million loan from Proparco
The $50-million loan from Proparco represents a significant milestone for NCBA Group as it continues to drive sustainable economic growth and support SMEs in Kenya.
The $50-million loan from Proparco represents a significant milestone for NCBA Group as it continues to drive sustainable economic growth and support SMEs in Kenya.
Equity Group is a leading East and Central Africa financial services conglomerate.
Proparco will become the regional insurance group’s largest investor.
Galea owns 15.43 percent of the insurer, worth $25.5 million.
The $75-million deal will provide loans to female-led micro, small and medium-sized businesses in four African countries.