Kenya, Nov. 10 -- The Board of Directors of the African Development Bank Group has approved a $150 million subordinated loan to Equity Bank Kenya Limited to strengthen its capital base and expand access to financing for small and medium-sized enterprises (SMEs).The eight-year facility, approved on 30 October, will boost Equity Bank's capacity to provide long-term finance to small businesses. It will help them expand operations, invest in equipment, create jobs and strengthen local economies. It is expected to benefit entrepreneurs across Kenya, particularly those working in agriculture, manufacturing, trade, logistics and green businesses, with a strong focus on women-led businesses and youth-run enterprises. SMEs contribute more than 30% o...