Times Tower Building in Nairobi which hosts Kenya Revenue Offices. [File, Standard] Equity Bank’s parent company, Equity Group Holdings Ltd (EGHL), is embroiled in a Sh800 million tax dispute with the taxman. The Kenya Revenue Authority (KRA) is demanding the money as capital gains tax from asset transfers by the lender in 2014. Read More […]
If the road to hell is paved with good intentions, that to lasting peace with neighbours is layered with bitumen and straddled by high-voltage electricity lines. That appears to be the lesson from the Uganda government’s strategic shift in its regional policy towards the Democratic Republic of Congo, its large, rich, but a troubled westerly […]
One of Equity Bank branches in Zanzibar located at Mlandege Street Nairobi, Kenya. E quity Bank, with a balance sheet size worth Tsh 14.3 trillion at the end of 2019, has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall category of […]
Mpondwe crossing at the Uganda- DR Congo border. Connectivity between the two countries is expected to double trade volumes and strengthen relations that have remained frosty due to instability in eastern DRC. PHOTO | AFP After two-and-a-half decades of testy relations, including an armed invasion in 1997 that contributed to one of the world’s deadliest […]
Equity Group Holdings has announced that it has signed a Ksh. 10 billion partnership with Proparco (Agence Française de Développement Group) to support Kenyan SMEs. The deal between Equity Group Holdings and Proparco, a French Development Finance Institution, will allow the Kenyan bank to grow and continue its support MSMEs, women entrepreneurs and development of […]
Equity Bank, a subsidiary of Equity Group Holdings Plc has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall category of the best performing banks. This is according to The Banker’s Top 100 African Banks ranking for 2020. This year’s ranking shows […]
– The deal brings together a strategic partnership for job creation and sustainable development – New partnership will allow Equity to access funding for Kenyan MSMEs focused on job creation – Funding is part of the French initiative Choose Africa dedicated to supporting MSMEs in Africa – Part of the funding will also support projects […]
Equity Supports MSMEs With USD $100 Million Partnership with Proparco (Agence Française de Développement Group) Deal brings together a strategic partnership for job creation and sustainable development. New Partnership will allow Equity to access funding for Kenyan MSMEs focused on job creation. Funding is part of the French initiative Choose Africa dedicated to supporting MSMEs […]
Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector. The announcement will further support Equity Group’s dedication to remaining Kenya’s leader in MSME’s financing and its ambition to better support underserved segments, in particular […]
Kenya’s two biggest banks are probably over the worst as far as potential loan losses go, but may still struggle to boost revenue in the wake of the coronavirus pandemic, according to AIB-AXYS Africa. Equity Group Holdings Plc increased first-half provisions eightfold, while KCB Group Plc’s rose almost four times from a year earlier, hurting […]
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