Unilever and Equity Bank have announced a strategic partnership to offer a distributor financing solution designed to strengthen manufacturing supply chains, improve product availability, and accelerate growth across the markets.
This initiative seeks to empower small and medium-sized enterprises (SMEs), enhance distribution efficiency, and fuel sustainable growth in the fast-moving consumer goods (FMCG) manufacturing sector.
Under the partnership, Equity Bank will provide tailored working capital financing to Unilever’s distributors, enabling them to access credit, improve stock availability, and expand their reach into underserved markets.
The partnership will provide accelerated access to finance. Under this, distributors within Unilever’s network will benefit from customized credit solutions that support day-to-day operations, drive inventory management, and unlock growth potential.
> PR Titans Converge at First African Global PR Week in Nairobi
It will help in supply chain optimisation as the solution will support Unilever’s critical last-mile delivery, ensuring that products remain available and accessible to consumers across the region. The initiative also supports broader financial inclusion by extending credit facilities to MSMEs within Unilever’s ecosystem through Equity Bank’s innovative financial products.
Equity Bank Kenya Managing Director, Ms Moses Nyabanda, described the partnership as a strategic alignment of purpose. “This collaboration with Unilever allows us to extend affordable, accessible credit to traders who are key drivers of Kenya’s economy and with Equity’s reach across all 47 counties, we’re positioned to scale this quickly,” said Nyabanda.
Manufacturing is a vital pillar of Kenya’s economy, contributing 7.8% to the national GDP. “This initiative not only empowers SMEs but also fosters inclusive economic growth by channeling capital to where it’s needed most: into the hands of entrepreneurs who drive the supply chain from end to end,” he said.
Speaking on the partnership Luck Ochieng, Managing Director, Unilever East Africa said the partnersip would enable SMEs them to access affordable financing, build capacity, and unlock new commercial opportunities.
“This initiative is a testament to our unwavering commitment to sustainability and inclusive growth, ensuring that every distributor, regardless of size or location, has the tools to thrive,” said Mr Ochieng. “By investing close to Ksh 2.4 billion annually, we are not only strengthening our supply chain but also creating meaningful employment and promoting economic development within our business communities across Kenya.”
> TV47 Deal Bring European Football to Kenyan Soccer Lovers
Leave a comment