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 […]
Zamara chief executive Sundeep Raichura. FILE PHOTO | NMG The rally in large stocks at the Nairobi bourse doubled returns of pension funds in the second quarter, offering relief to contributors whose savings have been ravaged by inflation. Returns from their equities investments grew by 11.7 percent during the quarter, boosting the overall returns to […]
Safaricom, which started its operations in 2000, has grown from a subscriber base of 26,000 people in 2001 to about 40 million subscribers currently. PHOTO | FILE | NMG Kenyan companies dominated East African and Mauritius most valuable brands in the three months to June 30, with Safaricom being the highest prized brand in the […]
Equity Bank has been named the Best Regional Bank in East Africa at the 2021 African Banker Awards. The bank was recognised for its strong and consistent financial performance, its role in leading the disruption of Fintech innovations in banking and for its consistency in championing the socio-economic development of communities through its various social […]
Annualized organic non-PPP loan growth contributes to $1.03 per diluted share, Company will acquire three Security Bank of KC branch locations in St. Joseph, Missouri WICHITA, Kan., July 19, 2021 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net income of […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The price gains in large blue-chip stocks have helped the NSE beat its peers in Africa in returns this year, boosting its prospects of attracting capital inflows as global markets continue to recover from the Covid-19 pandemic. In the year-to-date, the NSE […]
Kenya’s Capital Markets Authority (CMA) has summoned directors of Britam Holdings Ltd to establish their role in the alleged irregular sale of 452.5 million shares (23.34 percent stake) owned by the Mauritian government to Kenyan tycoon Peter Munga, the former chairman of Equity Bank, five years ago. According to the regulator, the regional insurer which […]
The speaker of parliament Jacob Oulanyah has pledged to support the church of Uganda fund raising drive for 60 billion shillings required to pay off the debt on the Church House, most of which is owed to Equity Bank. Oulanyah attended the Sunday service led by the Archbishop of Uganda Stephen Kazimba Mugalu at his […]
Atul Shah the former Chief Executive of the fallen retail giant Nakumatt is scheduled to lose his palatial home in a public auction over a pile of stores debts. According to details, Mr. Shah, will lose his Lavington home to auctioneers this month after defaulting on a U$1,8407,731 KCB loan he had guaranteed the supermarket. […]
Former Nakumatt CEO Atul Shah. FILE PHOTO | NMG The former chief executive of the fallen retail giant Nakumatt, Atul Shah, will lose his Lavington home to auctioneers this month after defaulting on a Sh2 billion KCB loan he had guaranteed the supermarket. The bank, through Phillips International Auctioneers, will sell the four-bedroom villa with […]
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