Equity Group signs two-year loans deal AVIC-ENG

By professo

Kenya’s Equity Group has signed a credit line deal with China National Aero-Technology International Engineering Corporation (AVIC-ENG).

The two-year-long deal will see AVIC-ENG have a credit line in Kenya, Uganda, Rwanda, South Sudan, the Democratic Republic of Congo, and Tanzania.

The deal “signals the confidence and trust in the country, long-term sustainability and strengthens the bilateral relationship between Kenya and China” claims James Mwangi, CEO of Equity Group.

“Our backing and support is because of their track record. Their projects speak for themselves.”

SEE ALSO:

“We recognise the great potential to join forces and leverage synergies for the financial service partnership.”

AVIC-ENG entered the Kenyan market 15 years ago, launching in the building construction industry.

Since it’s launch, the firm has committed itself to expanding investments on the continent.

“Every year we work on about 15 projects in Kenya worth Sh20 billion and have been able to create employment opportunities for Kenyans,” commented

“Because of Equity Bank’s presence in East and Central Africa, we have opportunities to collaborate in the wider African market.”

Share

Featured Articles

Colliers MENA CEO Raja Alameddine on leadership and strategy

As the just appointed CEO of Colliers MENA, real estate veteran Raja Alameddine talks strategy, leadership style, and skills critical for today’s C-Suite

Top 10 outsourcing companies in the world

The Time Doctor OA500 index – compiled by Time Doctor and Outsource Accelerator – has ranked the biggest outsourcing providers in the world

Red Sea Global: Building sustainable tourism in Saudi Arabia

Luxury property developer Red Sea Global is transforming Saudi Arabia into an incredible, sustainable tourism destination. We speak to the CEO John Pagano

Leena Nair – from Unilever people pioneer to CEO of Chanel

Leadership & Strategy

Top 10 female CEOs of the Fortune Global 500

Leadership & Strategy

UAE cyber leaders told to go on the attack against hackers

Technology