Coop Bank Group managing director Gideon Muriuki at a past event. The investment bank, Renaissance Capital has given a buy rating to the top three banks in Kenya in terms of asset value, projecting a better 2022 for the country’s banking sector. This, despite impending political risks associated with the general election slated for August […]
While others may have seen the opportunity, and choose not to pursue it, Poa Internet acted on what others failed to notice, walking to the beat of a different drummer. Staring in 2015 in the UK, Poa Internet began its Kenyan operations in 2016 with a focus on the vibrant, once informal settlement of Kibera. […]
Bags full of money [Courtesy] Money stashed by Kenyans in hard currency accounts touched a record high of Sh798.7 billion in November last year, as jittery investors rushed to hedge their funds from being eroded by a weakening shilling. This was an increase of Sh84.6 billion, or 12 per cent, compared to Sh714.1 billion that […]
Equity has launched an enhanced centralized digital payment solution for traders through a single Equity Till Number. The solution, a first in the Kenyan market, enables merchants to receive payments from multiple payment channels or mobile wallets through a single till number. Using the single Equity Bank Till Number, merchants can receive payments from customers […]
UK’s Minister for Africa, Vicky Ford MP ( pictured above ) said his government was extending a total of £37 million to Equity Bank Kenya for onward lending to small businesses. “Our economic partnership is delivering impressive results, and we have some ambitious, exciting plans for the future. Plans that will deliver for Kenya, and […]
Equity Bank Kenya #ticker:EQTY is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses. UK’s Minister for Africa, Vicky Ford MP said the funds will be used to help the bank serve more Kenyans, especially […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
Equity Bank Equity Group has acquired a US$ 165 million or KES 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from IFC, which is a member of […]
Equity payPal Equity Bank is moving from taking 3 business days to settle PayPal withdrawals to 24hrs or one business day. The bank has announced this today calling it the ‘ fastest PayPal settlement period in the country ‘. ( M-Pesa – PayPal withdrawals however are nowadays immediate – taking less than 3 minutes). Equity […]
Equity Bank headquarters in Upper Hill area, Nairobi/REUTERS Equity Bank will settle withdrawals sent via PayPal within a day down from three days, a move likely to improve the settlement of international transactions in Kenya. This is good news especially for thousands of online writers who use the platform to receive payments from their offshore […]
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