Dr. James Mwangi
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Corporate
Equity Group Sees its Net Profit Down 5% to Ksh.43.7 Billion
Equity Group Holdings (EGH) experienced a decline in after-tax profit to Ksh.43.7 billion. This represents a 5% drop, making it…
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Corporate
Equity Group’s 2023 Q1 profit up 10% to Ksh.16.9 billion
Equity Group Holding posted a 10 percent jump in pre-tax profit to Ksh.16.9 billion on a rising loan book in…
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Corporate
Details of Equity Bank Kenya acquiring Spire Bank
Equity Group Holdings PLc, through Equity Bank Kenya Limited (EBKL) announced on February 1, 2023, that it had completed the…
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Corporate
IFC acquires 6.7% shares in Equity Group worth Ksh.13.9 billion, 2nd largest shareholder
The International Finance Corporation (IFC) has acquired a 6.7 percent stake in Equity Group to become the lender’s second-largest shareholder.…
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Corporate
Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing
Equity Bank has secured a Ksh.19.1 billion (US$.165 million) funding kitty from International Finance Corporation (IFC) to support Micro, Small…
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Economy
Over 20 Kenyan companies invest Ksh.115.4 billion in DR Congo after joining EAC under Equity deal
Twenty six (26) Kenyan companies have committed trade investments worth Ksh.115.4 billion (US$.1.6Billion) in the Democratic Republic of Congo. The…
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Economy
NSE listed banks’ net profit grew to Ksh.141.5 billion in 2021; here’s how
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020.…
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Corporate
Reasons behind Equity Bank’s Ksh.39.1 billion 2021 profit record
Equity Bank nearly doubled its full-year profit for the year ended December 31, 2021 post to Ksh.39.1 billion. In a…
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Economy
Equity Bank, IFC sign Ksh.18.6 billion deal for SME financing
The International Finance Corporation, a member of the World Bank has lent Ksh18.6 billion to the Kenyan banking subsidiary of…
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Corporate
Equity Bank Rwanda launches Equity Leaders Program
Equity Bank Rwanda has launched the mentorship and leadership development program, the Equity Leaders Program (ELP), an initiative aimed at…
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