The dominance of the Safaricom stock at the Nairobi Securities Exchange (NSE) has grown in recent years, to the point where the company’s market capitalisation now accounts for 60 percent of the bourse’s total valuation. The Capital Markets Authority (CMA) has repeatedly expressed concern about the outsized share of the NSE’s total valuation that is […]
(Ecofin Agency) – Equity Bank Kenya will obtain a loan portfolio guarantee of $50 million from the Dutch Development Finance Fund (FMO) to support SMEs in Kenya. This risk-sharing facility will be provided under the Nasira program, launched by the Dutch agency with the support of the European Union. Commenting on the deal, Linda Broekhuizen, […]
Equity Bank Rwanda has received the Bank of the Year Rwanda 2020 award by The Banker, during the Bank of the Year Awards 2020. The Bank emerged top in class for clearly exhibiting a strong fiscal performance in the financial year of 2019. In the year under review, Equity Bank Rwanda increased its Tier 1 […]
Equity Bank Kenya, a Kenya-based bank focused on micro-, small and medium-sized enterprise (MSME), recently signed an agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, whereby FMO’s Nasira Risk Sharing Facility will guarantee USD 50 million in lending by Equity Bank Kenya. This lending is meant to help agricultural MSMEs run by […]
The new look, which was rolled out in Kenya, has been set up in South Sudan, Uganda, and Tanzania. Last week, Rwandan branches were rebranded with the process expected to be concluded in the Democratic Republic of Congo, according to a statement from the Bank. Equity Bank is rebranding its regional subsidiaries to reflect a […]
NAIROBI, Kenya, Dec 23 – Equity Group has crossed the Sh1 trillion balance sheet mark, becoming the first bank in Eastern and Central Africa to cross this mark. The milestone was achieved upon the successful migration of DRC’s BCDC to Equity’s Finacle core banking platform. The one trillion mark by Equity lifts the visibility of […]
The Meru High Court has prohibited two Isiolo-based contractors from carrying out any transactions in their accounts in a commercial bank. This was in a suit involving Ethics and Anti-Corruption Commission (EACC), Noyasu Construction Company Ltd against Dabasiti Construction and Suppliers Ltd. The two companies claim they rendered services to the Isiolo County Government, but […]
Patrick Uwizeye, Board Director (left), and Hannington Namara, Managing Director, Equity Bank Rwanda, unveil the bank’s new logo in Kigali on December 30. / Photo: Dan Nsengiyumva. Equity Bank Rwanda has received the Bank of the Year Rwanda 2020 award by The Banker, during the Bank of the Year Awards. The Bank of the Year […]
Customers wait to gain access to Equity Bank in Eastleigh, in Kenya’s capital Nairobi. Equity Group Holdings has been allowed to merge two DRC banks that it acquired. PHOTO | FILE | NMG Equity Group Holdings has received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC) to form DR […]
An investor looks at the digital board at the Nairobi Stock Exchange(NSE)/FILE Safaricom’s command at the Nairobi Securities Exchange dropped below 50 per cent for the first time in three years, illustrating Covid-19 economic pressure on the bourse. According to the NSE end year barometer, the telco in 2020 commanded 48.3 per cent of total […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.