There is more value in having multiple perspectives as opposed to tunnel vision. The corona epidemic has been so far the biggest disruptor of global trade and investments in the past 50 years. Corona has acted as a catalyst for world’s resilience. So hardened are we for external shocks that terror attacks, extreme weather, climate […]
Tag: equity group holdings
Equity Group Holdings announces its Recovery and Resilience Plan
Equity Group has announced its strategic ‘Africa Recovery and Resilience Plan’, articulated in a three-part document, which is aimed at achieving social and economic transformation of Africa. Speaking at the event held today at the Sarova Stanley Hotel in Nairobi, Equity Group Holdings Managing Director and Chief Executive Officer (CEO), Dr James Mwangi, disclosed that […]
MWANGI: Why I believe Congo will drive Equity group’s growth
Equity Group Managing Director and chief executive James Mwangi. PHOTO | DENNIS ONSONGO | NMG We are a trusted broker, because we know both sides and we have no interest other than in their success. We gave the Congolese the impression that this is a bank that cares, and the Kenyans that this is a […]
Zimbabwean Heads Africa List Of Women To Watch In Banking And Finance
Marjorie Mayida WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa’s financial services sector. The list was compiled following a 3 month entry period which saw professionals from Kenya, Côte d’Ivoire, Mauritius, Nigeria, Rwanda, South Africa, Uganda, Zambia, and Zimbabwe submit applications. Kenyan WallStreet and Kaleidoscope […]
Equity ventures into insurance business
IRA chief executive Godfrey Kiptum with Equity Group CEO James Mwangi during the issuance of a licence allowing the Group to run an insurance business /HANDOUT Equity has ventured into the insurance business in what could shake up the market and help grow penetration to above the current 2.2 per cent. The Insurance Regulatory Authority […]
Kenya Equity Subsidiary Borrows U$165M From IFC
The Kenyan banking subsidiary of Equity Group has borrowed a total of $165 million from the International Finance Corporation (IFC) – one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed […]
IFC acquires Sh12.2 billion stake in Equity Group
Britam Holdings has sold Sh12.2 billion worth of shares in leading Kenyan lender Equity Group to the International Finance Corporation (IFC). The deal, revealed through a regulatory notice by Equity Group Holdings (EGH), now gives the investment arm of the World Bank a 6.7 per cent share of the lender. “EGH was notified that on […]
Equity takes Sh21bn IFC loan days after buy-in
The International Finance Corporation (IFC) is set to lend the Kenyan banking subsidiary of Equity Group #ticker:EQTY $165 million (Sh21.1 billion), marking one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange […]
Britam to earn Sh14bn from sale of Equity Group shares
Insurance firm Britam Holdings #ticker:BRIT is set to raise Sh13.9 billion from the sale of 253.1 million shares of Equity Group Holdings #ticker:EQTY to the International Finance Corporation (IFC). Sources familiar with the transaction told Business Daily that IFC will acquire the shares at a price of Sh55 each based on negotiations with the insurer. […]
FEATURED: Equity Bank Rwanda IT system gets international certification
Equity Bank Rwanda PLC has received an International Standards Certification – ISO/IEC 20000-1:2018 on IT Service Security Management Systems from the British Standards Institution (BSI). The certification cements the Bank’s commitment to prioritising customer safety and satisfaction, according to the lender. ISO 20000 is proof that the Bank’s service management system is robust enough in […]