DRC Embassy to Kenya Second Secretary Botuli Bosaw Geoffrey, Trade Cabinet Secretary Betty Maina and Equity Group Managing Director and CEO Dr James Mwangi when Kenya announced Kenya – DRC trade mission. [Wilberforce Okwiri, Standard] Local investors venturing into the Democratic Republic of Congo (DRC) have been assured of their safety, even as the government […]
Equity Bank has been named Africa’s best bank for Small and Medium Enterprises (SMEs) in the 2021 Euromoney awards. This distinction further validates Equity as the country’s preferred bank by SMEs. While acknowledging this recognition, Equity Group Managing Director and CEO, Dr. James Mwangi, emphasized that the award reinforced and cements the Bank’s vision, of […]
The Co-operative Bank of Kenya is struggling to recover part of Sh287.42 million loans it received from the Treasury for on-lending to government projects, according to the latest disclosures on the country’s debt status. The bank, Kenya’s fourth-largest by market share, was among six privately-owned lenders which were listed by the Treasury for owing the […]
Proparco has given Equity two grants support for Micro, Small and Medium Enterprises (MSMEs) in Kenya The first KSh 2.5 billion ARIZ guarantee will cover 50% of the number of eligible loans allocated by Equity Bank to Kenyan MSMEs The second KSh 2.5 billion EURIZ guarantee will cover up to 70% of loans granted to […]
Equity Centre1 Large Equity is once again named as one of the top banks worldwide. The Kenyan bank has been ranked 39 globally on return on assets, 71 on return of capital, and 149 on soundness based on Capital Assets to Assets ratio. This is according to The Banker magazine for the Top 1000 Banks […]
Equity Group is ready to acquire a local rival if acquisition targets emerge, marking a shift to its previous strategy of seeking organic growth. Equity Group chief executive Dr James Mwangi said this is part of the bank’s growth strategy in the Kenyan market, an approach that had been focused in other regions like the […]
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 Group is ready to acquire a local rival if acquisition targets emerge, marking a shift to its previous strategy of seeking organic growth. Equity Group chief executive Dr James Mwangi said this is part of the bank’s growth strategy in the Kenyan market, an approach that had been focused in other regions like the […]
Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed. The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as the proceeds were invested in […]
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 […]
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