Equity Bank branch in Kibera, Nairobi, on May 24, 2020. Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya. FILE PHOTO | DENNIS ONSONGO | NMG The lender, which is […]
NAIROBI (Reuters) – Kenya’s Equity Group Holdings said on Monday its nine-month pretax profit rose 85% to 36.6 billion shillings ($328.25 million), helped by rising interest income and falling provisions for bad loans. Chief Executive Officer James Mwangi told an investor briefing the lender’s net loans increased 23% to 559 billion shillings, while net interest […]
Kinshasa, Democratic Republic of the Congo, November 12, 2021 – To support the growth of micro, small and medium enterprises (MSMEs) in the Democratic Republic of the Congo (DRC), IFC today announced a partnership with Equity Banque Commerciale du Congo (Equity BCDC), a subsidiary of Equity Group, that will help these smaller businesses access […]
As part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the Kenyan bank further support job creating MSMEs. Proparco also granted a €550,000 technical assistance facility to […]
Equity BCDC Signing.jpeg?Kinshasa, Democratic Republic of the Congo, November 12, 2021 – To support the growth of micro, small and medium enterprises (MSMEs) in the Democratic Republic of the Congo (DRC), IFC today announced a partnership with Equity Banque Commerciale du Congo (Equity BCDC), a subsidiary of Equity Group, that will help these smaller businesses […]
President Uhuru Kenyatta (second left) unveils a plaque at BCDC’s Equity Centre in DRC alongside (left to right) Equity Group CEO James Mwangi, Central Bank of Congo Governor Deogratias Mutombo, Equity BCDC Managing Director Celestin Mukeba, and non-executive chairmen Prof Isaac Macharia and Nestor Ankiba. FILE PHOTO | COURTESY The bank, which is listed on […]
Kenya-based Equity Group Holdings announced Monday (Nov. 8) the debut of a 500-billion shilling ($4.5 billion) loan effort aimed at pulling small- to medium-sized businesses (SMBs) out of the economic doldrums triggered by the pandemic, Reuters reported. That number exceeds the pledge CEO James Mwangi made in March to set aside about 400 billion shillings […]
NAIROBI, Nov 8 (Reuters) – Kenya’s Equity Group Holdings (EQTY.NR) said on Monday its nine-month pretax profit rose 85% to 36.6 billion shillings ($328.25 million), helped by rising interest income and falling provisions for bad loans. Chief Executive Officer James Mwangi told an investor briefing the lender’s net loans increased 23% to 559 billion shillings, […]
As part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the Kenyan bank further support job creating MSMEs. Proparco also granted a €550,000 technical assistance facility to […]
As part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totaling €39 million (5 billion KES) to help the Kenyan bank further support job-creating MSMEs. Proparco also granted a €550,000 technical assistance facility to support […]
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