Equity Bank CEO James Mwangi at Equity Headquarters in Upperhill, Nairobi. [David Gichuru, Standard] Equity Group has entered the life insurance business that is currently 69.9 per cent controlled by six insurers. The financial services firm’s Equity Life Assurance Kenya, which it fully owns through Equity Group Insurance Holdings Ltd yesterday received licence from Insurance […]
Jean Claude Gaga has joined the telecom industry as the Managing Director for Airtel Money. / Photo: Courtesy. Jean Claude Gaga has joined the telecom industry as the Managing Director for Airtel Money. He previously served as the Commercial Director at Equity Bank Rwanda where he oversaw product and service innovation among other tasks. Gaga […]
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 […]
The Kenyan banking subsidiary of Equity Group has borrowed a total of $165 million from the International Finance Corporation (IFC) – one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed […]
For the second consecutive year, Equity Bank Rwanda has received the top award as the Bank of the Year Rwanda 2021 during the Bank of the Year Awards 2021 by The Banker. The Bank of the Year Awards celebrates the best of global banking and are regarded as the industry standard for banking excellence. The […]
Equity Centre1 Large The International Finance Corporation (IFC) is set to become Equity Bank ‘s second-largest shareholder. This is after the signing of an agreement to purchase insurance firm Britam’s stake in the lender. The institutional investor will buy 253.1 million shares of the bank from Britam at KES 55 each based on negotiations with […]
Equity Centre Equity Bank has announced that it will start charging an annual fee for all its debit cards. The said fee is KES 240. According to the lender, the new charge is basically a service fee recovered once a year and applies to all debit cards. The bank adds that the charges are recovered […]
The Kenyan banking subsidiary of Equity Group has borrowed a total of $165 million from the International Finance Corporation (IFC) – one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed […]
The International Finance Corporation (IFC) is set to lend the Kenyan banking subsidiary of Equity Group #ticker:EQTY $165 million (Sh21.1 billion), marking one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange […]
Nairobi — Equity Group has acquired a USD 165 million (Sh 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 the […]
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