Safaricom Plc CEO Peter Ndegwa during the telco’s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG Safaricom’s share of combined investor wealth at the Nairobi Securities Exchange (NSE) touched a high of 63 percent yesterday after days of a steady rise in its stock prices in a period that […]
Equity Group #ticker:EQTY invested an additional Sh3.4 billion in its Ugandan and Tanzanian subsidiaries in the year ended December to boost the units’ capital. The lender’s stakes in the subsidiaries remained unchanged at 100 percent. The capital support from the parent company came amid economic disruption brought by the Covid-19 pandemic that has seen lenders […]
KCB Group has offered to go beyond its initial proposal of 62 per cent stake in acquisition of Banque Populaire du Rwanda Plc owned by Atlas Mara Group to acquire 100 per cent, The New Times has learnt. KCB has since November 2020 been in the process of acquiring the bank which is majority owned […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom , KCB Group , Equity Bank and East African Breweries . This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, a […]
A court has blocked Equity Bank’s #ticker:EQTY plan to put the multimillion-shilling matrimonial home of former Naivasha MP John Mututho on sale in a bid to recover a Sh20 million accrued debt. Senior resident magistrate Peter Muholi put the planned auction of the MP’s prime property in Nairobi comprising an eight-bedroom double-storey residential house on […]
President Uhuru Kenyatta has today unveiled the new brand of EquityBCDC, a subsidiary of Kenya’s Equity Group Holdings Plc in the Democratic Republic of Congo. This was as a result of the acquisition of Banque Commerciale Du Congo (BCDC) in a transaction worth USD 95 Million and a German bank ProCredit, which was rebranded to […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]
AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment The Kshs 11 Billion loan comes on the heels of an additional USD 50 Million (Kshs 5.5 Billion) Loan Facility from the African Guaranty Fund. Nairobi, Kenya | […]
AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment The Kshs 11 Billion loan comes on the heels of an additional USD 50 Million (Kshs 5.5 Billion) Loan Facility from the African Guaranty Fund. Nairobi, Kenya | […]
FILE PHOTO: Equity Group Managing Director and CEO Dr James Mwangi. Eyeing expansion across region. Equity Group Holdings plans Trans-Africa expansion with $100 Million (Ksh 11 Billion) loan from the African Development Bank (AfDB) AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and […]
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