An open-air market in Kinshasa, DRC With the right structural and regulatory reforms, many frontier markets in Africa could offer attractive opportunities for investors seeking to capitalise on potential future high growth. A panel discussion at the recent Financial Industry Summit, hosted by the Africa CEO Forum and held over two days in March, placed […]
NAIROBI, Kenya, Apr 1 – Equity Insurance Agency has posted a Sh600 million gross profit in the financial year ending December 31, 2020 leading in profit before tax as compared to other market leaders. The insurers performance in the review period is proof of its resilience and stability despite a challenging operating environment as dictated […]
LONDON–( BUSINESS WIRE )–Regulatory News: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (the “Company”) today issued the PSH annual report and financial statements for the year ended December 31, 2020, which are now available on PSH’s website, https://www.pershingsquareholdings.com/company-reports/financial-statements/ . PSH also announced that its Annual General Meeting of Shareholders (“AGM”) will be held on Wednesday, […]
Equity Group Defies COVID-19 Impacts and Registers 51% Balance Sheet Growth Customer Deposits grow by 53%; Loans to Customers grow by 30%; Acquisition, merger, integration and rebranding of BCDC Profit before provisions grows by 30%; Raises provisions by Kshs 26.6 billion to increase NPL coverage to 89.4%, and; Records a Kshs 20.1 billion profit after […]
James Mwangi, Equity Group CEO (PHOTO: FILE) Equity Group Holdings (EGH) has signed a USD 100 million loan (Sh11 billion) facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises (SMEs) as it grows. In addition to operating in seven African countries – Kenya, Rwanda, Uganda, […]
Credit: REUTERS/NJERI MWANGI Adds details, background NAIROBI, March 29 (Reuters) – Kenya’s Equity Group Holdings said on Monday that full-year 2020 pretax profit fell 30% to 22.17 billion shillings ($202 million), as its loan loss provisions rose due to effects of the COVID-19 pandemic. The group, which also operates in South Sudan, Tanzania, Rwanda, Uganda […]
NAIROBI, Kenya, Mar 23- Equity Group Holdings (EGH) has signed a Sh11 million loan facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises. In addition to operating in 7 African countries – Kenya, Rwanda, Uganda, South Sudan, Tanzania, the Democratic Republic of the Congo and […]
Kampala, 18 March 2021, The United Nations system in Uganda and Equity Bank Uganda have established new partnerships for acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country. The new partnership will promote social inclusion and improve economic outcomes for human development as well as contribute to the social-economic transformation of […]
Equity Group Holdings has secured a USD 100 million loan facility to support its expansion across Central and East Africa, including Ethiopia. The loan, a tier two facility with a seven-year maturity, will enable the bank offer tailored products to medium and small enterprises, strengthen its balance sheet, and optimize its capital structure across the […]
Equity Group Holdings (EGH) has signed a USD $100 million loan facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises (SMEs) as it grows. The funding was secured from the African Development Bank (AfDB). In addition to operating in seven African countries – Kenya, Rwanda, […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.