Nairobi, 2nd September 2021: Equity Group Holdings Plc has announced the appointment of Jonas Mushosho as a Non-Executive Director to its board following the retirement of Christopher Newson, Non- Executive Director in the Board. Jonas brings on board a wealth of leadership experience, having previously served in senior leadership positions in both the private and […]
Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 billion) up from $83.1million […]
Equity Bank Rwanda Plc has announced the appointment of Col (Rtd). Eugene Haguma as the Non – Executive Chairman to its Board taking over from Mrs. Evelyn Rutagwenda. Rutagwenda retired through rotation having served on the board for nine years, four of which she served as Chairperson. Rutagwenda will continue to serve in the Equity […]
Equity Group Holdings Plc has announced the appointment of Jonas Mushosho as a Non-Executive Director to its board following the retirement of Christopher Newson, Non- Executive Director in the Board. Jonas brings on board a wealth of leadership experience, having previously served in senior leadership positions in both the private and public sectors. He has […]
National Youth Council Three youth were this week announced as winners of the National Youth Council’s Fursa Vs Economic Recovery Challenge for their innovative ideas. From an initial group of over 1,000 youth innovators who were provided with training supported by the UK-Kenya Tech Hub , the winning three were announced by Principal Secretary for […]
Equity Group Holdings Plc expects its business in the Democratic Republic of Congo to drive future growth of Kenya’s biggest bank by market value. After concluding an acquisition that formed the DRC’s second-biggest bank last year, the subsidiary’s deposits almost quadrupled and loans jumped 160%, according to Chief Executive Officer James Mwangi. Leadership changes in […]
Equity Group CEO James Mwangi. PHOTO | FILE | NMG Equity Group Holdings will resume dividend payments to shareholders after a two-year freeze following a 98 percent growth in net profit during the first six months to June. The regional bank, which is bullish of a sustained profit trajectory, has also diversified into new lines […]
(Bloomberg) — Equity Group Holdings Plc, Kenya’s biggest bank by market value, failed to declare an interim dividend despite almost doubling net income for the first half of the year. The board of the bank with operations in six African nations is still committed to returning 30% to 50% of income in dividends this year, […]
James Mwangi, Equity Group Holdings managing director and CEO, with head of financial and regulatory reporting Mary Nteere during the announcement of the regional bank’s half-year results in Nairobi on August 17. Picture: File Equity Bank was the highest earner having made a profit of Ksh8.8 billion ($80.73 million), bringing its total net profit to […]
Equity Group Holdings Plc has announced a 98% growth in half-year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive strategy adopted by the Group at the onset of the Covid-19 pandemic to create […]
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